About meHonestly Speaking, I come from the web development field. Since I was studying in class 10th since then I have started my own trading and the fractures of the days within me have been developed since time immemorial.
Intraday possible to move today 11408-11424 if support taken by 11329.
11408 is possible
Most of traders are thinking till for long with stop loss o 11300 and for targets 11422
breaking below 11300, i expected to start selling heavy.
BYKE, looking to push through resistance right here. Find out why we could see new highs this afternoon if close or moved above 35.
Looking at the trough it seems that there is no blockage of any kind to move the price up.
Buyers are increasing from 33, if price move 35 above is no worry for Inevstors or Swimming traders too.
Past Resistance has been broken...
Nifty future 11336 previous closed,...
Trade based on Calculation:
Sell Nifty future 11336 + 55points(HOF) = 11386
Sell it nearby 11386 and stoploss 11399 (stoploss can be change if not vol.)
targets 11276, and after breaking 11300 below with vol. targets 11224-11146
BankNifty is now facing tremendous Resistance start at 28200 to 28350.
Expected opening between 28055 to 28100.
If its open more than 120 points, we will see selling pressure in opening.
Dont get confused, Selling is good if higher GAP up.
Due to illness, i was unable to come online because I was in hospital for the whole day.
Today, Nifty made strong bullish candle but, its having final and strong trend line resistance.
Trendline Resistance 12000-50
H & S pattern,
Generally Head & Shoulder pattern has 2% penetration normally.
LEFT Shoulder is at 11176 and,
HEAD at 11760
Calculated 223 points...
TRADE SETUP for short seller.
For looking at the chart closely, You will appear that 11144 nearby selling has not much risk. For sellers, the risk is low and reward is high. Intellectual traders should choose lowest risk and high reward.
Yes, absolutely selling is good decision at resistance but, question is how to identify UP-BREAKOUT?
Suppose you have sold...
There're a few things to consider in order to IDENTIFY an up-breakout here. Such as Volume and Price change, Previous Resistance, News, etc.
I have points out few from the charts.
Previous Resistance is at 27777.
Trading in small range is also important for a breakout.
In the TradingView.com, is not showing Volume so that i can give some steps to identify flow...
61.8% key Fibonacci ratio at 11091
These three major points are very important to understand, which have played the role of resistance in the past.
94points(11185-11091 = 94) of area are crucial for up move.
Keeping in mind both side move;
1) To make up-break out, Nifty should jump OR GAP with heavy volume.
2) The resistances are working...
There is important that last hour will clearly show you for confirmation of downtrend. But, presently short selling has eye on NF, technically.
How should be it confirm?
Answer: Suppose to break below 11040 below, then bull's strength will lose.
Should I take short position here?
Yes but at higher level with stoploss of new nigh.
As mentioned in yesterday technical researched, GRASIM future made high 828 as mentioned accurately in impervious researched.
Question: Will it confirm to move?
Yes, if trade below 800 today and close below it.
Exception is Volume is not increased.
I have updated date and price. both are acting perfect.
Look at the chart, there're original strongest resistance is near.
IMPORTANT Question: where should act for selling?
165-300 points fall can be easily in 2 trading days, but what is exact price.
How is should be confirm?
All of above questions answer is : last hour of today's trading. We will see fall from tomorrow.