Nifty What NextNifty 17853 has shown formation of cypher harmonic pattern and also formation of bearish rounding chart pattern. As per Wycoff trading pattern Nifty is at UT/SOS. Combing all we expect if Nifty could hold the zone 17784 to 17842 Then it would be an SOS and could be taken to 188249. If this zone get breached then it would an UT and would be taken down to 17600/17440. As the eod candlesticks are two inside bars, and most of the indicators have turned bearish, we expect nifty MOST PROPABLY will be bearish with resistance at 17940.
Search in ideas for "INSIDE BAR"
Mindtree ready for explosive moveWait for range break.
Expect 3 to 4 % intraday move after the range break.
6 inside bars with dry volumes. Narrow range movement.
Good intraday possible.
BANK NIFTYImportant Levels for 06-08-2021
A consolidation day after two good trending days, an inside bar and a potentially HNS pattern.
Will prefer to play the waiting day tomorrow as things looking a bit dicey as of now.
Longs can be taken above 36250 with SL of 36170 for targets of 36450 and 36620 and the TSL should be used aggressively.
Similarly, shorts only below 35700 for targets of 35620 and 35500, SL can be placed at 35770.
Nifty Intraday View nifty glace for today
open = high = which turns as intra resistance level
1st 15 min candle is the mother candle for inside bar
wick of 1st 15 mn candle is at a very interesting level - can be again interesting to watch if it breaks
now how about trading @ breakout level - upside
>>> entry can be done if the resistance is broken and that candle closes n green
thats the intra analysis
trade @ own risk
Power Grid - LongPower Grid - Long
* Inside Bar Candle Formation
* Triangle formation
* More chances are there for moving upwards
* But still can take support at Rs.223.65 if it breaks the triangle.
* Set stop loss.
Trade and Invest Wisely with your own knowledge! Good Luck!
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**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
[Buddha] Powergrid Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
I will skip the sell side.
[Buddha] Sail Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
So, I may skip the downside move if the market is not bearish and it triggers sell.
I will 100% do the upside move.
[Buddha] Bata India Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
If short triggers I will skip.
BANKNIFTY LOOKING BULLISH FOR UPSIDE BANKNIFTY FUTURES
BUY@35245(TRIGGER)
STOP@35045
TARGET-1@35450
TARGET-2@34575
TARGET-3@35690
CLOSE ABOVE 35750 WILL LEAD TO EXTENSTION ON THE UPSIDE
-INSIDE BAR BREAK TRADE
-BEARISH TRENDLINE BROKEN ON HOURLY/30-MIN CHART
-EXPECT SHORT-COVERING IF MARKET SUSTAINS ABOVE 35100/35200
-GOOD RISK/REWARD RATIO
"TRADE WITH YOUR RISK BEARING CAPACITY"
"DO NOT OVER TRADE"
[Positional] Reliance Inside Bar and Support BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
[Buddha] Chola Inside Bar Trade Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed in first 5 minutes and follow ORB strategy.
BANK NIFTY ANALYSIS FOR 29-06-2021Do not trade in between 35440 - 35230 .
Buy Above 35440 for the Targets marked on Chart
Sell below 35230 for the Targets marked on Chart
" INSIDE BAR Candle " has been formed in BANK NIFTY
If you're taking entries , as per our analysis , set your target as per " TRIANGLE PATTERN "
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .
BANK NIFTY ANALYSIS FOR 28-06-2021Do not trade in between 35470 - 34970 .
Buy Above 35470 for the Targets marked on Chart
Sell below 34970 for the Targets marked on Chart
" INSIDE BAR Candle " has been formed in BANK NIFTY
If you're taking entries , as per our analysis , set your target as per " TRIANGLE PATTERN "
Make entries only when the price action is suitable respecting to the trendline
Take Entries when Market sustains above / below our levels
Avoid entries , if there is a Huge Gap Up / Gap Down
Take Entries as per Price Action
** Only for Educational Purposes
( As you all can see our daily Analysis , Bank Nifty is respecting all our analysis with treadlines and Support & Resistance Lines )
PLEASE DO LIKE , COMMENT OUR POSTS .