Berger Paint Long positional BuyHiii this is trader kanishk
here we saw a prefect breakout of flag pattern of ASCENDING TRIANGLE Pattern
second. there is a retracement on lower time frame which we consider as an opportunity.
i've drawn an trendline . After breakout i am going to buy this.
i am not recommending you, i am just sharing my analysis here.
Priceactionanalysis
NIFTY VIEW for 22/OCT/2019@18/OCT/2019
On previous trading session nifty gave a good intraday move. And it made high of near around 11695.
@Weekly Analysis
Since previous two week we saw a bullish movement.
@Tomorrow-
Today exit poll announced in Maharashtra and it going into the favour of BJP and market may be looking it as a good sign and expecting a stable government.
Market may react on this news, so if its getting open above then you may wait for it to come 11700 level to buy.
Level- Buy above @ 11700
Buy on dips.
Don’t short in this market.
#NIFTY View for 15/10/2019Today it was a range bound day, not much move.
On Daily chart Nifty has formed a Doji kind of candle, but as there is no trend and it is in the middle then it is not worth to think about it.
So what next?
Tomorrow I am expecting a bullish day by looking at the market structure and structure is higher high and higher low. Above 11430 I am looking to buy, but there are lot of hurdles and nifty has to cross these to move up.
Today it has formed a bullish channel on 15 min chart which depict the higher-high and higher-low structure, if nifty move between this channel then it will move up but the momentum will be slow. .
Disclaimer- This is only view not recommendation.
DAILY MARKET OUTLOOK AND POSSIBLE SETUPSWe have seen some possible setups in the market, So I have decided to share my some knowledge to other traders who want to understand price action analysis and I suggest to the new trader to do not make analysis more complicated, make it simple. I hope it will help and this video is for education purpose only, I do not recommend to anyone for buy or sell, Do your own research before trading.