Search in ideas for "INSIDE BAR"
Inside Bar on Bank NiftyBank Nifty has taken support of 20EMA in the Wednesday session. On muhurat trading day it has made a small bearish candle just below 13EMA. Today we could see an explosive move. FPI/FII are back to selling spree, so no prizes for guessing which way the markets could explode today. But then, market never ceases to surprise us, really hope today is one such day. Let's see.
[Diary] NMDC Current OverviewInsider Bar
Neckline
HNS
Breakout but Weak
Although we secured a good profit from bottom but the results of NMDC is actually bad. I am not expecting a significant breakout. So will continue to hold it in equities but futures I have closed and will wait to execute an ATM PE or OTM
Bank Nifty Trading Strategy for 24th July'2020 and next few daysInside Bar on the daily chart,22nd July High 23,208 & Low 22,600.
Directional move once the levels are broken:-
Good entry point is 22,700 - 22,750 levels 22,500 as SL.
Target 1 is 23,365 and an extended target of 25K on cards.
Flag formation on the daily chart, the probability is to break higher-ups.
Don't get the impulse to short is there is a gap down.
I prefer to short if there are a strong reversal signal and confirmation below 22500 closure.
Just enjoy a cup of tea.