MCDOWELL_NHELLO EVERYONE,
You all can see the beautiful and clean chart of NSE:MCDOWELL_N on a Monthly Pivot-Point TimeFrame, where the following observations are crucial to note down and understand!
-> Inside + Narrow CPR Setup depicts that the price movement for this month of April can be "Trending" which usually suggest a breakout or breakdown of a range-play formation near the Reversal Camarilla Levels (H3 and L3).
-> Open of the month was above the monthly CPR but the close of the same candle went below to close below the CPR suggesting a weakness of trend and now the CPR will initially act as a resistance whenever the price retraces back towards the CPR. We would have saw further bearishness if the price would have taken down the Cam L3 level in the similar formation as discussed above.
-> After a retrace from ML3 we see the rejection towards the Monthly CPR initially and then comes the breakout of the CPR with a fresh month high which now indicates the strength of responsive bulls coming into the script.
-> After the breakout the phenomenon of "Pivot Swap" can be seen where the price after the breakout takes a dip towards PIVOT (M) and proceeds higher after that which depicts that the CPR which was initially acting as a resistance will now turn into support and proceed for Cam H3 Level and break of the MH3 will initiate the long trigger for the initial target of MH4 and and then MR2.
This was a very basic understanding of how you can plan out your trade in case of Narrow or Inside CPR but as the term BASIC is mentioned in the statement it denotes that these setup are very volatile and have to superimposed with a range-play formation for smooth results.
Will continue to update this as we proceed with the auction!
Pivotboss
RSI Divergence(s) :: A Case Study 📈📉Hey Pivster's ★
Found out one interesting query in a public forum and thought to provide the explanation through a chart so that it can be documented for reference in future.
Chart is actually self-explanatory as marked and constructed accordingly 🫶
◉ Query:
"During uptrends prices make lower highs whereas RSI makes lower lows..this is called positive reversal".
This is a statement made by Bharat Jhunjhunwala in one of his lectures....i don't get the lower highs in prices...can anyone explain?
☞ My answer would be -
➣ He is basically taking about a RSI positive divergence scenario where the “Price” has higher probability for making a reversal.
➣ This scenario is ideal as 'RSI' is mostly taking closing price into consideration. SO, when the price starts to close above the previous red candles it shifts the RSI curve towards an uptrend and a reversal can be confirmed once the 'Price' breaks the previous Lower High (LH) which will eventually be in correspondence to the 'RSI' making a Higher Low (HL) after a visible "Positive Divergence" to the 'Price' chart.
➣ Here, the structure for the 'Price' is now expected to reverse and follow the structure of an "Uptrend" now while the "RSI" continues making Higher Lows (HL) as the closing price is higher to that of the previous candle in an 'Uptrend'.
Explained this whole scenario in the chart of NSE:MARUTI which showed a fresh and live demonstration of this discussed scenario in the last trading session that was on 1st September, 2023 (Friday) 📍
Well just to add a better confluence alongside PIVOT POINTS, here is the same chart with weekly pivots applied ↘︎
- This shows the entry of Weekly Initiative Players ( WH4 ) once the reversal structure gets confirmed ♠️
I hope your query has been answered to a satisfactory level and understanding from the basic to core 🥂
Let me know your view/suggestions in the comment section below 😊
Regards,
Mukkull
#NIFTY50 - Analysis for 16th August, 2023 ©Hello Pivster's ★
•As we saw Nifty50's initiative sellers applying an emergency brakes as soon as the Adani-SEBI verdict got postpone.
•But, do you see a beautiful ' double bottom ' (M-pattern) been formed and completed it's target in confluence to a major support 19300.
⇲ My Pivot Auction Chart is posted below for reference:
Now that we have a general overview in place let's see what is the anticipation for tomorrow's market movement ↓
⌖ In case of a GAP-UP:
␥ CASE -1:
IF we see a gap-up opening above or near PDH then a reversal for the Bullish GPZ magnet can come and then-on the situation is to be monitor'ed.
␥ CASE -2:
IF we see a gap-up opening in between PDH and PDC then the movement can be slow towards the DH3 cam level which also has WH3 responsive sellers waiting there for a quick down push towards PDC and if it is protected then it can shoot-up to trap the weekly sellers.
⌖ In case of a GAP-DOWN:
␥ CASE -1:
IF we open gap-down near to the bottom of the GPZ or below the GPZ then the broader sellers in the ongoing trend might trap the buyers near a bounce to Daily Pivot and aggressive selling can be seen once the previous session buyers are trapped and a cartel of different TF sellers would be active and bash the index like Newton's Apple towards the major support level 19300.
␥ CASE -2:
IF we see a gap-down opening near or below the Daily Pivot or L3 cam level then we can see a bounce from yesterday's weekly responsive buyers protecting the GPZ and once the GPZ is taken out we would see further momentum by these participants getting joined in by daily responsive buyers too
So, I wish you are equipped with all the needed information for the coming trading session and i wish a bucket full of profits for everyone 🥂
Lastly, if you liked it and found useful share it everywhere with your fellow-traders/friends/family etc... 🫶
Regards,
Mukkull
FINNIFTY! - How I made 112% profit 💸Hey Pivster's
So, as we know today was expiry for NSE:FINNIFTY1! and market had open with a bullish sentiment at the early hours of the opening bell with good buying force seen in initial minutes of the market as OPEN=LOW too.
Buying force was submerged as the first 15min candle closed above the reversal camarilla pivot level H3...after that buyers were not able to push the price the initiative camarilla pivot level H4 and in fact profit booking of BTST players was seeing too.
Now, comes the first dip towards Daily H3 pivot level from where the bounce was seen by help of responsive participants, but not strong enough to break the current day high set in the initial candle of market opening and a visible "tweezer top" candlestick pattern was seen formed near day's high (marked inside the red box).
Immediately, the next thing we see is a big seller's candle which closed near to day's low thus giving a confirmation of a "double top" formation near day's high and formation of the "M-Pattern" for the day with "neckline" being near the reversal camarilla pivot point.
This whole scenario above has triggered the GPZ Setup which the index has been for the day and a clear trend reversal or pause sentiment was known to the market on basis of -
* Type of CPR formed
* Pivot Analysis
* 2D CPR relationship
HOW WE WOULD HAVE TRADED THIS SETUP FOR DAY:
Now, that we know the GPZ setup has triggered for the day we had to wait for the retest for either PDH OR DH3 for our entry towards the target of DL3 or Pivot point of the day with our SL being current day's high or DH3 whichever was higher.
A simple retest towards PDH was triggered with the SL as DH3 which had an additional confluence of neckline from the M-pattern that was formed in the first half of the market.
Finally, we received our target of DL3/Pivotpoint by the closing bell of the market and this also marked a close for our -
"Trade which made us 112.82% in profits or doubled our capital in under 20mins"
P.S. Screenshot of the trade's order book is attached in the chart itself!
This was the synopsis for yet another simple analysis for the broader index as a whole thus showing you that trading has to be kept simple and executed with patience and risk defined beforehand.
If you liked the content, then share with your friends, family, fellow traders and dear ones :)
Regards,
Mukkull
BANKNIFTY : (PIVOT AUCTION CHART) Hey Pivster's
NSE:BANKNIFTY having a beautiful and smooth weekly pivot auction chart where you can see the "support" (WH3-MH3 zone) turned into "resistance" alongside the Weekly Bearish GPZ setup.
A brief synopsis for BankNifty:
-> We see a gap-up opening in the month of July'2023 with the first 30m candle close above WH3 and MH3 zone.
-> After making a swing high of 45353.20 it goes to dip and retest the WH3-MH3 zone (responsive players zone) where BNF takes a clean initial support by making a swing low as 45000.25 (round number) but does not breaks 45000.
-> BNF proceeds with the strength of daily intraday pivot based initiative players and a wild move happens in 2nd trading session of the month on 4th July,2023 where the price travels upside to mark a swing high 45655.50 which basically is above the MH4-WH4 zone (initiative players zone) but crisply closes within the zone and immediately a long sellers candle can be in the following 30min candle.
-> We see a responsive ranged based move for next 2 trading sessions (Check the Mother Candle of 5th July, 2023).
-> And as much needed breakout/breakdown on the last trading session of the previous week i.e. 7th July, 2023 we get a gap down opening which takes support from the marked zone and also 2D mother candle low.
-> Comes the awaited breakdown with a clean price-action as follows-
* Breakdown of Intraday 30min ORB range
* Breakdown of WH3-MH3 zone marking a comeback of broader responsive players
* Breakdown of 2D Mother Candle range
And, as we see price now travels to the 'GAP-UP ZONE' which was created on the starting of the July month.
-> What happens today must now be very clear and fun to interpret as per the pivot auction theory which is as follow -
* Price pushed to gap up opening towards the WH3-MH3 zone which is beautifully in confluence with the 'Daily Bearish GPZ'
* As we expect the support turns resistance and we see a ORB (30min) breakdown in the second half.
I hope you enjoyed the read time for the BNF synopsis and hopefully take home a lot of things, factors and situations to your learning desk and sharp mind which is powerful enough to decode every problem.
MORAL - Stock Market is EASY, but not SIMPLE :)
If you thought this was helpful to you then share the same with your fellow traders / friends / family etc.....
Regards,
Mukkull
NIFTY50: (THE BROADER PICTURE) HEY FAM,
- As you see in the pictorial representation of NSE:NIFTY , the index took an upsurge at around 13th June, 2023 with a gap-up opening which happens to the level of previous month high (PMH).
- Moving on we also see a PEMA crossover with an initial retest of price at Monthly H3 (MH3) level which shows that monthly responsive players are in action now when the price takes the first support from marked zone that is -> (PMH - MH3)
- Now in the same week we form a Weekly high (PWH) at around 19th June, 2023 which you can see comes in a beautiful confluence with the level of Monthly H4 (MH4) thus making it a hot level on the upper side which is why the line is marked as 'orange'.
- Fast forward to this current week, we have a reference that the index has a responsive range of around 210 points which is clearly marked on the chart too.
- This week beautifully shows the fight between the weekly and monthly responsive players trying to break through from the responsive range and thus open gates for their respective initiative players to race towards their range targets.
NOTE:
I hope you understand the broader picture now and can also testify how simple things can be if you just connect the respective dots from multiple pivot timeframe.
So, I think that this information through a brief pictorial representation helps you in further projects and the same time shows you one of the way you can use PIVOT STUDY WITHOUT EVEN APPLYING ANY INDICATOR!!
Let me know your thoughts upon this publish in the comment section.
THANK YOU
Bank Nifty - Intraday Levels for 11 July 2022Banknifty Intraday Levels for Tomorrow..
Trend : Bullish
Sentiment : Positive
Expectation : Bullish Continuation
Expecting Banknifty to Open Flat / Small Gap up between CPR and Buy Reversal zone, We can look for buying opportunity at BUY Reversal zone any breakout above CPR - PDH & R1 levels are the first targets
Any breakout below BUY Reversal, look for short on retracement
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Indicator for Intraday Trading - with BUY/SELL SignalsHi Traders,
Trading is Simple, Make it Useful!!
Here the trading made easy with Signals...
Its a Combined Pivot Boss Price Action Strategy Indicator.
This indicator has been created based on Pivot Boss, RSI and Price Action Strategy.
BUY Signal - Go Long at middle price of the Signal Candle, SL low of the candle.
SELL Signal - Go Short at middle price of the Signal Candle, SL high of the candle.
ViVen - IND Indicator Details:
Daily CPR Levels
Pivot Points
Weekly CPR Levels
Next Day CPR Levels
Camarilla Levels
Pre - Day, Week, Month - High / Low Levels
SMA , EMA and WMA Moving Averages
Bollinger Bands with Multi Time Frame
Moving Average with Multi Time Frame
Magic Band
Price Action
Along with this Trend and Strategy table added in the chart which indicates about the Trend.
I also included BUY / SELL labels to take positions.
Happy Trading!!
Nifty Trading Plan - 14th JulySummary
► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels 15895/15850
► Support levels has Multiple pivot point zones, which infers good support. Above 15760 we may see some buying. So, keep a watch, unless market gaps up or down.
► I want to highlight one thing, in DTF market is moving sideways which infers STAGE 3 as per Stan Weinstein methodology. Hence, expect some correction in medium term.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive .
l PPT.
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15800 is stop of 15781 and target of 15830.
2. Any bullish PA above 15768 is quick scalp with stop of 15749 target of 15790.
3. Any bullish PA above 15749 is stop of 15729 and target of 15789.
4. Any bearish PA below 15840 is short with stop of 15860 and target of 15800.
5. Any bearish PA below 15790 is short with stop of 15809 and target of 15764.
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!!
@Sacredmonkey
Nifty Trading plan - 18th JuneSummary
l HTF trend is still bullish but, there is a DOJI again which means, will need confirmation on Wednesday for direction. So, wait and watch before taking trade.
l Pivot analysis infers bearish bias and will be a very high probable trending day. But, with less conviction since ADR is not aligning with CPR width.
VERDICT
WAIT & Watch to infer direction. Market will TREND and I am BEARISH currently. Wait till market forms a structure above or below CPR.
15600 may be good buying levels but, sellers may overwhelm and take it to 15500 levels and 15750 may be good level to sell.
**********************************************************************************
Step 1 - Strategies to be deployed -
l Open drive rejection
l PPT.
l CPRRVL
Step 2 - Trading Plan
1. Any bullish PA above 15643 level is a long with stop of 15625 and target of 15681.
2. Any bullish PA at 15708 is long with stop of 15686 and target of 15749.
3. Aggressive longs above 15774 only with stop of 15752 and target of 15819.
4. Any bearish PA below 15730 is a short with stop of 15746 and target of 15697
5. Aggressive shorts below 15584 with stop of 15605 and target of 15541 .
This information is for education purpose only. So, please consult your financial advisor for any investment/trading advise.
Have a nice day!! NSE:NIFTY
@Mockingbanana
ICICI PRULI Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
CASTROL INDIA Short oppurtunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
AEGISCHEM Short opportunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
INDIA GLYCOL Short opportunityTrading possibilities for Coming week.
This stock has shown weakness and has closed low. It still has bearish Momentum left and can go further down. You can trade this for intraday and also for few days in the coming week.
Look for selling at the levels marked in red and / or whenever you see a Bearish candle pattern forming. The targets and stop loss are subsequent levels down and up.
Other important levels are as marked in the setup.
You can download this Indicator from trading view to get the accurate levels in the premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
MEGHMANI ORGANICS Long opportunityTrading possibilities for Coming week.
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
ASAHI Long opportunityTrading possibilities for Coming week.
This stock have shown good strength and has closed high. It still has bullish Momentum and can go further up. You can trade this for intraday and also for few days in the coming week.
Look for Buying at the levels marked in green and whenever you see a Bullish candle pattern forming. The targets and stop loss are subsequent levels up and down.
Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading
Nifty Trading Idea for 15th March - MondayTrading possibilities for 15th March - Monday.
Market may open Flat or small Gap up and If there is Buying pressure it can go up. There is important resistance level at 15135 which has to be breached before we see any further gains in the upward direction.
There is a possibility of taking resistance at 15315 and coming down all the way to 14925. Other important levels are as marked in the setup.
You can download the Indicator to get the accurate levels premarket itself and see how the stock trades respecting those levels.
Happy and safe Trading.