NIFTY MIDCAP150NIFTY MIDCAP150 is trading at a crucial make or break level and is consolidating in an Inside bar candle.
The midcap index witnessed a strong bounce from 50-day SMA on the last trading session and a similar bounce was seen in the Small Cap index too.
The breakdown from H&S pattern may be witnessed below 8550 level, which may extend further weakness on the downside.
However further momentum on the upside to be seen above 9020 level.
Keep a close watch.
Search in ideas for "INSIDE BAR"
[Buddha] Tata Power Inside Bar TradeLong if it breaks the high of the previous day with a stop loss at the previous day's low. I will skip if long triggers. You may take
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.
BAJAJAUTO #BAJAJAUTO
- Bounced from the convergence of 50% Fib Retracement and support zone in the daily chart.
- Formed an Ascending Triangle Pattern in 15Mins
- Likely to see a short-term breakout above the Inside bar candle formed in the previous session,
Levels Marked on Chart.
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GOLD | BEARISH TREND APPEARForecast: Price rejects previous resistance and creates an inside bar which strong indicating downtrend and price reject upward trendline 3rd touch and making downward momentum. target 1724 & 1710
Many confluence confirmed Downtrend.
Thanks to all those who have followed me and liked my post.
Special thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
[Positional] BhartiArtl Buy IdeaContinuation of Past Trades
Refer the chart.
If it gaps up, wait for gap fill.
Note -
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. Please refer to the link to my footer and explore further if You want.
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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.
I also do my trades live, Please refer to the link to my footer if you want to tail me.
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Nifty InstaView 01 Mar’21: Takes a Break from Breaking Nifty View: An “Inside Bar” for the benchmark Nifty index in today’s session. This is a consolidation post the sharp sell-off which we noticed on Friday. Today’s gain is promising with participation coming in from mid and small caps, but its the sustenance of this bounce back which is now more important. A move above today’s high will definitely see some more upsides and in that case we can expect resistance from (14,950-15,000). On the downside, the index deals with supports at (14,500-14,600) which comes in from a rising channel and highs of mid-Jan’21. It’s the downside which is more critical now, because a confirmed break below 14,500 will for sure lead to further & significant downsides.
Thank you for following my work and please feel free to share your thoughts and suggestions.
Trade Well. Trade Wise.
[Buddha] Bharti Airtel Inside Bar Compression 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.
[Buddha] Page Ind 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.
BANKNIFTY INTRADAY BUY AND SELL LEVELSMagic Lines:
All supports are not for buy level. As like all resistance are not for sell levels
After long research and back testing we find which S&R is for sell level & which S&R is buy level.
In that result we give the pure intraday levels in charts.
BLUE LINE ARE BUY LEVELS
ORANGE LINES ARE SELL LEVELS
IF OPENING 5MIN CANDLE TOUCH BLUE LINE GO FOR LONG/ IF OPEING 5 MIN CANDLE TOUCH ORANGE LING GO FOR SHORT.
SL : previouse support / Resistance's -Above /below
Today banknifty day candle is inside bar on last 2 session . i am bulling on BN. any opportunity to buy near support of yesterday low we can go for long.
[Buddha] LT 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.