Trendtrader
Good for swing trade Channel PatternGood trendline has been break
Risky Traders van enter at Retest of trendline break.
Reason-
1. Good Stop loss hunting below the support zone
2. Bullish engulfing candle formation at bottom
3. trendline break with good volume
Safe traders- (where risky traders can add more quantity)
Can enter once the channel is broken with good volume and after successful retest to the upper side of channel
Best Indicator - for Intraday TradingHello Traders,
This is my personal indicator setup for Intraday Trading.
Strategy and the Trend will be shown in the table automatically. And the levels are automatically plotted (Dynamic levels 🩸, Air, 🌱)
You can see the accuracy of my Friday Trade - Sell @ 38144
Like and Follow me for more details and Indicators.
Happy Trading!!
Nifty outlook for MondayNSE:NIFTY
Technical analysis:
1. Nifty took support at 50 DMA
2. If you see Fibonnaci retracement, it retraced upto 38% and turned back on higher side
OI data analysis:
1. It respected 11400 where we had highest OI in PUT side.
2. Yesterday we had equal number of OI on 11500 PUT and CALL but at the end Bulls has won the game. Heavy PUT writing is seen at 11500 and 11500 CALL has lost significant amount of OI
With all above parameters it indicates positive outlook for next week.