NIFTY IS PLAYING GAME OF RISING WEDGES!THEIR IS SOMETHING ABOUT THE CURRENT TREND WHICH IS TELLING ME TO SHORT EVERY DAMN UPMOVE AND EVERY TIME I TRY TO LOOK FOR SOMETHING BULLISH ON THE CHARTS I END UP DISCOVERING THE FORMATION OF SOME NEW BEARISH TREND.
SHORT ONLY ON CONFIRM DOWNSIDE BREAKOUT FROM THE WEDGE.
NOTE FOR LEARNERS
RISING WEDGE ON 4H
PROMINENT RISING WEDGE INSIDE THE BIGGER RISING WEDGE ON 30 M AND 1H
TRY TO MAKE A CHART WITHOUT THE ABOVE MENTIONED WEDGES & AS PER THE EARLIER TREND LINE DISCUSSED STRATEGY.
MARK THE TARGETS , RESISTANCE ZONE AND DM ON TELEGRAM
ALL THE BEST!
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Tacharts
Small scalping setup on 45 MThis chart is specifically made for students who are not sure about using different time frames.
The above chart is made on smaller time frame to give you a scalping setup for intraday.
since this chart shows you the expected movement in smaller time frame you can use this chart to plan intraday trading.
More information will be shared in the channel itself.
feel free to dm me for any further details and share your opinion in the comments.
Lesson 1A How to trade with trend lines without using indicatorsThis video is specially for the learning of our premium club members, where we try to teach them classical charting in easiest possible manner.
this video is also for all those fake experts who are charging obnoxious amount of money from people at large and making them learn TA using useless indicators.
if you want to learn charting do it the right way.
if you have any query feel free to dm me.
Kindly like and share this video to spread the awareness.
dm me our premium club today!
thank you.
Low volume markets are ideal hunting grounds for market makersWith negative sentiments all around I expect nifty to open downwards but I have been around in this market for a while now and somehow my previous experience with the markets tells me that their is a possibility of MM trying to pull the levels close to 10750 around expiry.
VOLUMES WILL BE RELITIVEY LOW FOR NEXT COUPLE OF DAYS AND ACTIVE FII WOULD BE KEEN TO SELL THEIR POSITIONS.
Don't trade as per this chart as I am just trying to articulate my thoughts and would appreciate if you share your opinion in the comments.
Playing with trendlines and preparing for a short.Bata is looking so ripe for short, depending upon market conditions I would like to be on sell side unless I see a strong downward rejection.
dark green lines would be the target incase nifty fails to hold 10000 levels in coming months.
Trade accordingly and don't forget to share your opinion in the comments section.
Breakout from long term downwards channelBasically we have a clear breakout from the channel and we can possibly see a retest of the channel before it move ahead to test upper levels provided nifty holds the momentum.
Stoploss below the top yellow line.
all the best
Ujjivan is looking good for a short trade setupUjjivan got rejected at a string resistance zone and it gives me a good opportunity to short it.
SIMPLE TRENDLINE BASED CHARTCHANNEL IS MARKED BY YELLOW LINES.
LOOK HOW BLUE LINE IS BEING RESPECTED AND ACTED AS SUPPORT FOR A BRIEF PERIOD.
FROM HERE THE SCRIPT WILL EITHER GO ON TO TEST YELLOW CHANNEL , BREAK IT AND MOVE AHEAD TO TEST GREEN LINES OR PRICE WILL TEST YELLOW LINE, FAIL TO BREAKOUT(POSSIBLE PROFIT BOOKING ON NIFTY) RETEST (AND HOLD BLUE LINE) TO BREAKOUT IN COMING WEEKS.
ALL THE BEST AND IF YOU HAVE ANY QUERY THEN FEEL FREE TO CONTACT ME.
BASIC CHART WITH SIMPLE TRENDLINES TO TRACK NIFTY MOVESTHE ABOVE CHARTS CAN BE USED BY BEGINERS TO UNDERSTAND THE IMPORTANCE OF TRENDLINES AND HOW THEY CAN EASILY HELP YOU PLAN A TRADE.
Many of people who start with technical analysis make the biggest mistake of not learning the importance of drawing trendlines and they start following random indicators.
if you want to be good in technical analysis then make yourself strong in identifying trends and drawing the basic trendlines. In above chart you will notice how Nifty have respected the green line passing thru the yellow channel and now when we have a prolonged rally for almost a week and nifty is about to test the topmost of yellow channel it may fall back to test green line and gather some strength to breakout of channel.
also notice how ichi cloud support coincides with the green line.
if you need any further help feel free to dm me and dont forget to like and support the above chart.
you can also join my telegram channel tacharts whose line is available on my tradingview profile.