Niftyshort
nifty : nifty going strong but listen to charts as well hi everyone
as we are witnessing nifty going high and making all time highs, but it needs to breathe too,
according to the chart, I strongly feel that nifty might take a break from its run and should retrace to its last all time high of 12500
but the view will change 100% and we will have to review the charts again if it closes above 13575 on 11 Dec 2020
so here how the trading plan should be,
sell at spot with stop loss above 13575
target 1 : 12975
target 2 : 12575
trade invalidates if weekly closing above 13575.
closing above 13575 would create doors for new price discovery which should be 14800 levels
Advise : do not trade based on my recommendation, study your own charts too and make a wise decision. I wont be responsible for your trades.
WILL NIFTY CONTINUE ITS MOVE UPSIDE OR MOMENTUM IS LOST ?Hi Traders,
I am setting the snap short of the current analysis for those who need to see proper levels of m marking. And Writing the Taken out condition to understand about it. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented. in.tradingview.com
____Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
CHART TELLS EVERYTHING IF YOU HAVE THAT INSIGHT SEE YOURSELF!!Hi Traders,
1, On the 21st of November 2020, I wrote in my weekly blog on nifty about two lines with the same condition for each line in trading plan section point no.1 is quoting for your consideration as proof of my statement. ". See in fig I made a black line as resistance if it is taken out in both time frames of 15 Min & 1hrs then you would see price moving upside and crossing the white line, you would see momentum in the move."
Here you can see once the price took out in both time frames and crossed it gave you the app 250 points in one day a yellow color line showing you that momentum. even after a gap up the whole day. Earlier I used to ask why all levels I mark so reactive that price needs to give reaction from them in my previous post. Since I stopped giving them. Now I ask you why I put only two lines very near with current price action and when taken out condition gets activated you see the momentum on that side. This is what every trader should achieve her/his analysis.
2. Now I talk about the technical insight to see charts as your lesson, see a pink color circle showing a bearish belt hold in the opening of price in the next session. clear to show you the power of the black line marked in fig and one-hour kept price downside, once opened could not dare to make another high and second hour too down. But the second-hour candle is Dragonfly Doji which took the support of 27 Ema means to absorb selling and the third candle was bullish did not touch Doji candle low proving any sellers pending and took the price again to black line whole day.
But until now taken-out condition did not activate. Point to be noted had belt hold to work then instead of dragonfly any bearish candle should support there but that was not case so odd is to upside. And same happened price reached the black line and the next day was a gap up the opening with the bullish candle of one hour is conformation to initiate long without hesitation to the next level of imminent resistance. See I marked a bearish candle with a red circle and the next candle was a big bearish candle had this candle appeared after the bearish belt the trend would have changed. If you extract information about price behavior like this then your insight will develop to see the hindsight.
3. I make a white rectangle showing a cluster of the bearish candle showing weakness. Setting the previous fig to compare with the current to check my statement proved above.
Trading Plan For Next Week.
1. In fig I marked a green line if it is taken out in both time frames of 15 min and 1 hour then you will see the upside.
2. On the contrary, If the red line is taken out in both time frames then the downside. If it happens then I would suggest surrendering any long side positional trades because the whole week price will remain low from the high made this week.
3. For new readers writing taken out condition how it is being implemented. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For the taken-out condition, the price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
----Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty Short term Downtrend outlookThere are 2 Parallel channels given where the shift of track shown in the chart but there is a beautiful Harmonic XABCD pattern created which has always maintained the Fibonacci level when retrenching.
On that base and present trend analysis, I have tried to understand the recent move of Nifty Future ( present continuous) with the given target level and stop.
NIFTY CHANGED ITS MOVE LAST WEEK SEE HOW ? WILL IT CONTINUE ?Hi Traders,
1. O 7th of Nov 2020, I wrote In my weekly blog on nifty is quoting to understand the move of last week. " A blue line is seen in fig. if this is taken out in both a time frame of 1-hour and 15 min then you will see further move but I would not be convincing from that It might travel 150 to 200 points ultimately trapping bulls will come down." Here I was expecting an up move of 150 to 200 points more, the black color line showing the almost 200 points, the sentimental change point. This blackline had to start its downtrend if you see carefully exact after a gap up opening a perfect upside candle was made taking the support of that point circled in red. This is the time where one has to change her/his biased to the upside. Had I been the daily blogger of yestertime, I would have been updated that change of sentiments. This is the classic example to show you how and when I change my sentiments to the opposite side. As I was expecting a trapping move and then 300 to 400 points fall. I have said many times that Whatever the levels I mark on the chart are so reactive and indicative that anybody can get the right direction if seen carefully. This time it did not change the trend rather gave you a big upside pressure candle. you just need to see it carefully. Ask yourself why all marked levels work so fantastically? Why I choose only those points for my analysis where information is always crystal clear. Else you have that insight.
2. Setting the previous chart for comparison with the current chart so that you can compare my previous statement with the real move.
Trade Plan For Next Week.
1. A green line is made upside which if taken out in both times frames 15min and 1 hour will give you more upside move. On the contrary, it could not take out then get ready to see range-bound trade to redline, if the price does not take out red line downside in both time frames.
2. In case the red line is taken out downside then you will see a fall.
3. For new readers writing about taken-out conditions how it is being implemented. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty50 is forming LOWER LOWSNifty is forming a lower lows and there can be a pull back as per the pattern and the Fibonacci level which is mentioned in the chart.
the pull back can sustain only on intraday time frame and not for the swing for upside.
therefore 11770 to 11800 will act as a crucial zone to decide the market movement since 3rd November 2020 is the US election.
post election market can be very volatile and move on either side
FOR LAST SIX MONTHS CONTINUESLY PROVING WHAT IS MANIFESTED SEENHi Traders,
1. On 1st of Nov 2020, I wrote in my weekly blog of Nifty in point no. 1 of the trading section is quoting as proof of my previous statement regarding the move you seen in nifty " As price made an evening star pattern on the red dotted line if the price has to change its trend to upside then the black dotted line has to take out in both time frames of 1 hr and 15 min. Aggressive traders can go long on 15 min but with stop loss. The target would be a pink line. " Here you can see the price was in downtrend mode and it was difficult to think whether it will move upside or not. But the words of quoted statements are crystal clear " if the price has to change " . Why exactly I provide those points from where the trend has to change proving in every post more than 225+ maintaining consistency without fail is not an easy task. people can give you a 50 % correct assessment but maintaining 99% is not an easy task. That sort of information I try my bit to provide you in this market with exceptional volatility. When I write my conditions they all always full of conviction. In the last post in point no2, I wrote with confidence and proved this week is quoting again my words related to the market provide concrete information. " The metrological department can not deliver its forecast consistently correct but I try to give consistency in my analysis proving since the first blog." In this financial market, I think very few analysts can write a week before with such conviction and marking. That level of information you will find in my blogs. Take out any post where I did not first prove my statement.
2. Now see the marking of candle first in a pink circle showing a breach of the black line this had to be used as stop loss candle for further trade.
candle no. 1does not satisfied taken out condition in a 1-hour time frame whereas candle no.2 fulfills that condition. only then a long position had to be created with sl of the breached candle. green circle candle was a test of demand and thereafter you see Boom-Boom. My target was the pink line but if you see the previous fig of last week I put a green arrow above the pink line indicating further move. My words and actions in form of marking on the chart prove all my manifestation of this sort of move one week earlier. Setting the previous chart below to compare with the current move.
Trade Plan for Next Week
1. A blue line is seen in fig. if this is taken out in both a time frame of 1-hour and 15 min then you will see further move but I would not be convincing from that It might travel 150 to 200 points ultimately trapping bulls will come down.
2. On the contrary a red color line is taken out on both sides downside then a fall will be seen but with volatility. so profit has to be booked soon. Blackline will act as support.
3. For new readers writing how taken out condition is implemented read carefully. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.
Nifty is looking weakThe analysis is given on the chart
Comment if you have any query and if you like my analysis, don't forget to press the like button.
I am not a SEBI registered investment advisor and hence do not follow my analysis blindly.
Be aware of what you are trading and the risk associated with it.
Stock market is risky and you can lose a lot of your capital.
Be wise and trade carefully!
Grateful!🙏
I TOOK BREAK BUT MY ANALYSIS EARNED 960 POINTS SEE HOW?Hi Traders,
1. On the 10th of October 2020, I wrote in the weekly Blog of nifty in clear and crystal words about the movements of nifty for the coming days. As I had to take a break, therefore, I manifested the complete move for 15 days. That I prove you step by step see my first statement in point no. 1 of the trading section is quoting fas proof " See in the current fig I made a pink line as resistance If the price has to move up then it has to take this line up in both times frames of 1h and 15 min. It has to fulfill my condition taken out. there is one possibility in the next session it fulfills that condition without fall then this will be a trap for bulls. so trade cautiously." . Here in clear words, I mentioned if the price has to go upside that has to fulfill my taken out condition first. See carefully on current chart circled the first attempt in a white circle Made dragonfly and could not fulfill taken out condition. In the second attempt circled in pink made bearish belt hold and gave you 360 points straight to a given box in red color as support 15 days back. From that support gave straight 360 points again to pink resistance 15 days back. Here this time fulfilled taken out condition but with a twist made hanging man so obviously, that is false fulfillment of a taken out condition. The very clear price will fall and gave 255 points a total of 960 points approximately. shown in green arrows. I was not here to guide you straight forward but my analysis who followed my wordings earned this many points in 15 days. Have been proving consistently since my first blog on this platform without fail, what I manifest you see price following it.
2. The volatility by news could not go beyond my analysis that is in mind of traders not in my analysis. This is simply covered in two lines and one box. When you have depth in your analysis result will be in simple lines with such accuracy. I talked of the trap in my statement above in the first attempt that you saw in the third attempt. Price followed my statement but with a little twist. could not ignore trap as manifested so meticulously 15 days advance. In the second point of the trading plan section how clearly I mentioned for use of the box for buying is quoting for your consideration. " On the other side If the price does not fulfill taken out the condition and falls that would be healthy for the next upside move. use that fall for buying. A red zone is seen as a support zone this should be used for buying . Had anybody used my words for trading earned a lot of money from the market? This depth can e created only when one devotes his life to the stock market. IIf you have that potential you all can do it in your analysis. See why I made a red dotted line of the previous chart and put an arrow exactly below it, circled in pink price took support. Ask yourself why price bow on my levels? It nade morning star pattern there. Setting the previous fig. to compare with the current so that you could feel the real depth of my wordings.
Trade Plan For Next Week
1. As price made an evening star pattern on the red dotted line if the price has to change its trend to upside then the black dotted line has to take out in both time frames of 1 hr and 15 min. Aggressive traders can go long on 15 min but with stop loss. The target would be a pink line.
2. On the contrary if the price takes in both time frames downside then more fall can be seen. The metrological department can not deliver its forecast consistently correct but I try to give consistency in my analysis proving since the first blog.
3. For new readers how taken out condition works is writing for your learning. Taken out condition works in the two-time frame combination for daily( 4 hr + 1 day) analysis. Similarly, work for lower time frames is also a two-time frame combination. For intraday trades 1 hr with 15 min. For taken out condition price has to complete in both time frames. Aggressive traders can take that side position in a lower time frame with the stop loss of breached candle low. In both the time frames given line is breached by a candle that candle high is to be breached by the next candle and close should be above the previously breached candle. This is how taken out condition is being implemented.
Yogesh Vats
Disclaimer:- All trading positions should be taken from consulting your financial planner. This study is for educational purposes only.