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NO CLEAR VISION OF BNF DIRECTION ON 1ST JUNE SEE HOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN TODAY'S TRADING. 1. In last statement point no. 3 of trading plan column quoting for your consideration " bnf has to continue down trend then red upper zone should be intact. on other side if market takes support between two blue area then chances of structure change to up side will prevail." N ow see today's trading price opened gap down took support of fist blue line and three hrs remained range bound then in last two hours touched red dotted line. Now here my highlighted point comes into play. In between two blue lines then chances to go up side intact. But price did not come between these two lines, rather took support and made range between red dotted line and blue line. Here It changed its structure which is purely dependent of bnf opening . If on next trading session bnf opens gap up then market choose to go into extension of long intermediate trend started from 17200. 2. On the other side if market gaps down and do not breach red dotted line then chances of going down will increase. For down trend confirmation price should take out blue first support. Remember taken out not breached. There is difference between taken out and breached ,new followers for your understanding I will attach the post that will clear this condition. As stock market is based on probability so condition should always be in mind of every trader. 3. I showed two arrows one green and second red . let us discuss both. If red dotted is breached by gap up opening or while trading then all shorts to be booked. Time your trade in long side. After beaching if price immediately come back under dotted line this time it will be assumed broken and find set up to trade in long side. Where as red arrow condition is different If price takes out blue line down side then shorts can be open only then this long trend will become deep retracement . Right now consider with today price action long trend. 4. If red dotted line is crossed upside then zone two will be target. For candle stick readers see I circled a hammer candle at support it was activated only when next candle closed above the high of hammer. only then chances of working this candles starts. See after that price moved up side. Any candle stick works near support or resistance when get activated. Other then support resistance or support very less chances of working. 5. structure is direction less all depends upon next trading session opening. Extensions in trend convert many trades into hope trades. so when your are wrong accept it and book loss in that trade rather to convert into hope trade. I see many new traders buy on resistance and sell on support this is suicidal act ,make it reverse while you take any position. This is basic principle of trading . Never ever forget my conditions while trading. This could be fatal to you in form of capital. When I mark my study on chart follow it . At least my study will work as dos and donts in trading. It is like a track where you have to drive your trading vehicle by time your trade. Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
31
WHY MARKET LOVE MY ANALYSIS COMPARED TO ON AIR VETERANS SEE NOW?COMPARING MY YESTERDAY STATEMENTS WITH REAL MOVE IN BNF TODAY. 1. Before starting this , I would like to share something with you all. As new followers are joining every hour so you need to understand some points so that quest of new comers and satisfaction of genuine seekers can be handled easily in coming days. See My mission is to eradication the unemployment of educated stuff from my beloved country by means of this art of analysis any market or scrip which I have been showing you for last two and half months consistently. If God bless me, and your support I want to take this art in pan India. At least one member of every family should be trading in market with help of this art. Many questions are being asked daily regarding how to start to adopt this art. I have already answered in few days back post. So I request to old followers when this question is asked in comment box by any new comer pl answer it with full detail which I shared in that post. Also I replied many traders how to start individually . I request to answer them. I cannot handle every query individually. As I am doing this for people selflessly , I found two benevolent traders one is Mr. Arvind and Second is Mr. Minibufett. I appreciate the way he helped toady when a new trader was stuck in wrong direction of trade ,He wrote a mesmerizing , depth full ,reply to new trader. Well done Mr. minibufett .This sort of self less co-operative attitude is required for our country people. I request both of you be part of this mission and help struggling traders. You both have good experience in trading . In this way my load will be shared and would be able to provide all replies to struggling traders. I will keep watch on your replies when I feel correction that will be done by my reply to questionnaire. 2. For those who want to start this please start with Candle stick course by steve nision download it from pendrive.com free ebook site. Read it carefully ,practice all concept on historical charts by recognizing all pattern described in book. when you complete it then next part will be given. Do not read like story book . 3. Let start comparing my statements of previous post with actual move in bnf. See in point no.3 of trading plan I clearly mentioned " i made pink ,green zone either trend can change to down from this zone or can change to red resistance. in any case price takes out red resistance then down trend will switch into main trend upside. on the contrary if red line is not taken out then down trend will start." . Now you can see in fig . price breached red resistance and came down. Why price always react the level given everyday in all charts. Whatever I manifest you see that next day on chart, without any day fail in last two months. This an art which I want you to adopt by putting hard work. I like those who can put that hard work which I put in my struggling days. That is why I say market loves my analysis. Trading Plan for next Day. 1. Now see fig carefully, bnf is standing at very critical junction where it change its intermediate structure to down fall or upside. I provide conditions to make your understanding market move easy. If understood carefully. Like two of ours benevolent traders you all can earn daily. As they are earning. Even one of them today shared his live trades in comment box with all instructions. 2. See upper red zone ,I made green arrow this shows if price takes it out then bnf sentiments will change to long. on other hand I made green dotted support line if this is taken out then bnf will resume its down trend showing red arrow. If price remain in orange arrow area then no direction price will be range bound giving both sides trades. 3.Bnf has to continue down trend then red upper zone should be intact . on other side If market takes support between two blue area then chances of structure change to up side will prevail. 4. I circled a candle at red resistance in green color , this was the candle which fulfilled the condition of taken out still you see got failed . price came back in next candle down. See taken out and breached are guidelines not permanent rules. 90% that condition work rest it will not work today was the day. If you fit that condition in 1 hr then it worked.But in 15 minutes it failed because follow up buying was missing. When asked by one of followers I said wait to go long .That was the reasons. Can check my reply in comment box. I think I cleared all options of trade . Rest market will decide. YOGESH VATS
NSE:BANKNIFTY
by yvatsji
63
Voltas EWT, Weekly TF. & Hourly TF.Elliott Wave footstep for Voltas: Validation: W2 & W3 corrective W2 retraced at 50% exact W3, price extended 161% compare to W1. The Corrective W4 traveled in rage between 38.2 and 50%. W5 exactly was normal. The price is under the waves a,b, and c correction. Support 408, can push price up-to 492 and 530+ for corrective wave 'b'. 1 hour chart: Loot up "EW Theory" for hourly TF. 398-408 is target for short sellers Support 400 nearby to push price upside 458 nearby.
NSE:VOLTASShort
by reshmi_chauhan1
35
Trade setup on 💰Bitcoin for Swing Trader. Trade Setup for "Swing Trader" :- Plan (A): Sell 9692-9780 nearby target as 8874-8838 and 8842 nearby If you can chance, then Plan (B): Sell, 10086-10333 nearby for target 8874-8838 and 8842 nearby The U-turn(at 5th wave) clear on Projection in next month. We'll in down-side trend before the starting next month. -------------------------------------------------------------------------------------------- Don't forget to 🙏 FOLLOW me. --> Share your 💕 LOVE continually by writing ✍COMMENTS. ======================= Replay (last worked) ======================
BITSTAMP:BTCUSDShort
by Jay_shree
40
Footmark of HINDUNILVR with (Speculative, Waves, Channel etc)... Buying in pull-back 2001 nearby. Put the alert in your trade-terminal. Expected more than 200 points move in next. ------------------------WEEKLY-------------------------------- Last week has reversal pin-bar and next week expected move 222 point from 7-Days AT from the closing. The price follows to lower bound & upper bound of Parallel Channel. Bullish sign! ------------------------DAILY-------------------------------- Start looking from left to right , Impulsive & Corrective Waves . Impulse legs in 1 to 5 and Correct legs has A,B and C waves. Presently, we are going up wave.
NSE:HINDUNILVR
by Jay_shree
80
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NSE:NIFTY
by poojamenon
Short-Term view for NIFTY spot. Minor trend-line R 9491 - 9509 The over-consumption has been upper bound of value area, therefore chance to over-consumption at lower bound. There is no overparticular resistance 9500+. ---------------------------------------------------------- 339p GAP This is " Common Gap " price is not going to break support line. Previous minor resistance at 9405. Nifty is going to open nearby this resistance ( 100+ nearby ). Support line price area support at 9241.
NSE:NIFTY
by Jay_shree
27
Dealing with 4-chart "extensively research" at Reliance price... Volume vs. Price Action: Points to be focus on: Gap (run away type) Invalid Doji (from the left to right Doji is invalid because of low volume compare to previous candle) sequence of tails (sign of existence negativeness) Interruption began to push price upward. Red Alert : sellers will take action on the Red Alert zone 1542 to 1490, and price will T1 as target. Fibonacci Retracement : confluence zone 1353 to 1329 target next target 1250 nearby if sellers will continue. Wave analysis theory ( unconfirmed ): Parallel Channel and Project : T1 -1375 to 1380
NSE:RELIANCE
by Jay_shree
77
Validation of parallel channel and decisive zone for TCS. Parallel Channel defined validation , more than 2 price is used to find price point by connecting at least minimum two price in degree. TCS trading price at DECISIVE zone for further direction: up-break or follow the channel as projection. If price is continue call follow the price parallel channel, the first target is at 1977 nearby. Observation by using PRICE ACTION with Volume : No INVALID sign of any kind has been seen yet. That's why we have no clue for selling. In terms of price and volume, the rhythmic seems moving. Possibility for up-break out or wait for sign of invalid candle
NSE:TCS
by Jay_shree
58
RELIANCE UPSIDE NOT QUANTIFIED, FALL JUSTIFIEDTechnically, Reliance is in a downtrend still. Given the 2 news updates on 21st and 22nd April, 2020; the stock has shown Bullish Divergence but the %Delivery against the Traded Quantity stands at 23% which indicates an Unstable Upswing. This also coincides with Harmonics PRZ (not highlighted on Chart) range of 1360-1390 22/04/2020 Closing 1363 Spot. Little Upside Steam Still Left in Reliance upto 1385-1400 range. Short at 1370-1400 Range with SL as 1440 for Huge Downside Targets Note: Any views expressed here should not be relied upon as advice or construed as providing recommendations of any kind. Strictly for Educational Purposes. All trading strategies are used at your own risk.
NSE:RELIANCEShort
by instamoneymakers
2
Descending triangle spotted - Escorts Escorts is trading below strong support of 545. It's 200 EMA is also around 545. Formed a small range just below support, which has now become resistance for it. Buyers are active in this region as the delivery percentage is quite high. Deliverable quantity is above average. Descending triangle is usually a continuous pattern. If it breaks triangle's baseline (514-513) then be ready for good fall (100 points fall is expected in that case) . However, if it shows up move, buy above 550 for targets of 580 and 640
NSE:ESCORTS
by Sahil624