NIFTY BUYING IS BECAUSE OF ITS LIMITED DOWN SIDE SEE HOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY.
1. In point no 1 of trade plan see first line " at red resistance line you can see nifty made an evening star pattern . It is activated as next candle is below previous candle close is below previous candle. so watch whether it breached red dotted line to change trend of upward side. if it is done then find selling setup with the target of green dotted line" . When this condition is not breached in morning then no chances of short trade. Though my view was of short side. Very clearly mentioned when to go short. So follow all conditions religiously.
2. In point no.2 of trade plan. "chances of going down will be high on breaking red dotted trendline." Even hare i clearly mention what to do. Even a novice trader follow all my instructions can earn daily. In bnf comment box traders did not follow my conditions so could not make money except one or two.
Trade plan for next day
1. It is same till red dotted trend line is breached you are not supposed to be short . Blue line Resistance is your target. But take this line seriously.It can change whole trend.
2. If blue line is taken out then can go more Long side. Other wise need to be caution at blue line. Nifty buying is because In last many post I told nifty has made its bottom so down ward journey is limited . Because structure is proving going into extension. Making lower side structure shorter. Rest market will decide.
YOGESH VATS
Stockidea
HOW CONDITIONS HELP IN SWITCHING PSYCHOLOGY OF A TRADER SEE !!COMPARING THE YESTERDAY STATEMENTS WITH REAL PRICE MOVE TODAY.
1. In yesterday statement point no. 1, in first line (Trade plan ) I stated that quoting for your consideration. " you see zone 3. at upper end I made green circle if any case by gap up opening or while trading this is even breached then it will be confirmation of trend changed to upside only. " I started my plan with this condition. Can you see in yesterday I gave bearish view. But shared the opposite sentiments first that is how I plan my trades. All posts are packed with this sort of conditions and planing. You all know I generally use two terms in my analysis one breached and second taken out. But this time I used may be first time in history of my posts I said If upper end is" even breached "then sentiments will be changed to longs. Though My view was bearish. When bnf open slightly gap up and touched my blue line and gave recovery I got cautioned that Today my bearish view will not work. That was 10.45 am . When 1 hr candle breached that upper red line that confirmed me about today move to long side. I carried shorts yesterday but when I saw bnf taking support on blue line I cleared my shorts and immediately entered in longs with sl of blue line. See blue line acted as entry point with sl. That is why I always say my zones, support and resistance act as sl points in trading I learned how to make this in eight years of struggle. At that time first condition was not validated but some where my experience worked. After validating first condition I was pretty sure for long trade. Around 11 I updated see My wording Care fully " this point of time bnf standing on critical point. if today's high is broken then 20500 on other side if low is breached then fall." . Can you see the given target achieved or not. I saw followers did not take my words seriously that is why talking of condition of taken out . My dear Followers did I mentioned taken out for upper red resistance and you were not sure of this break out many were thinking of false and could not time their trade .Followers when I manifest trade I know where to caution you with beach and taken out. Though first candle showed you false break out reading your comments all were waiting for taken out condition. In stock analysis my words need to be taken seriously with right perspective. In this way a short build psychology changed into bullish with the help of following condition which I manifest for trading one day prior.
2. Always follow conditions of my zones, support and resistance seriously. To again prove this statement I made many green circle where moves were either stalled or changed to help forming structures of long side. Can any other platform show you things in such detail and consistency of trades. I always say stock market language is probability that works with conditions when I have that skill to manifest moves with the help of conditions then follow. Those who do not follow conditions ,They short at 18400 and wait for their trade to come to 20500. Accept that you are wrong. As soon as you accept it you will be able to protect your capital. One thing for Mr.troller Having 20 years of experience you planned for one side trade not another side already mentioned in your conversation with my one of followers will be waiting for market to help trade you in shorts. Though I am also bearish on market since last week but I manifest other side too. Though you have 20 years of experience I just possessed 14 years. So my request do not ever try to troll me I manifest both sides with my condition so never ever give you that privilege .
Trade plan for next session.
1. Zone 4 end will be my sl for long side trade . Right now watching next day move in zone only with the target of upper end.Where all long should be booked. if price takes out upper end of zone 4 then next target I will update in trading session.
2. On the contrary If bnf takes out lower end of red zone no 4. Then my view will be changed to bearish side.
3. All zones will act as support if down move start tomorrow. Rest market will decide.
YOGESH VATS
MOTHERSUMI technical analysis. Possible down move.Hello Trader, Here is the full analysis of MOTHERSUMI:
1) On the Daily chart we can see it as formed butterfly pattern and is inside raising wedge ( Bearish pattern ).
2) Price is testing a strong resistance zone and can test this zone for up move and if it fails then on the basis of butterfly and strong resistance one can look for short.
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