Shrillex17

Shrillex17

Bank nifty has give a spring and also a two bar reversal…signals for a long trade from here I still see bank stuck in a range.. But for now I expect bank to touch the upper part of the range and therefore will look for bullish trades from now on…

Shrillex17

Last two weeks have been quite bullish..was this unexpected? No price action was very evident Now coming to today, bank nifty is stuck in a range as marked in the yellow box.. One thing to note is the channel has been broken and makes me stay aside and asses this bull trend.. As you can see..bank is making lower low from last days….waiting for the lower level to...

Shrillex17

Last time when I posted 15days ago….and still I say the same thing…bitcoin is I a range..don’t chance price…by the time you chase a rally of 5% the next day it will just wipe all its gain… Technically,this area was supposed to be where bulls were supposed to show their hands, right now I don’t see any evidence of any bull market…and that’s where we retailers need...

Shrillex17

As I posted last week…bank nifty had spring it’s previous support of the trendline on weekly timeframe.. The trend towards down was too overextended and needed a relief…for now the bullish trend looks weak by the bars being printed.. If you combine the fii data and dii their selling has decreased dramatically… Why? Mostly fii want a pullback , it’s always sell...

Shrillex17

bank nifty is hovering around 34888 levels which was the close for the first 3m minute candle three trading session ago...looks like a premium eating day... coincidently the range from this bar close up to down is around 585-600 points...600 points was the premium for each atm strike..34800 at 9.30 best thing for a option buyer is to sit and relax...scalping can...

Shrillex17

hdfc bank is after being a good downtrend has printed a good down spring which is marked in chart a spring is a classsic pattern where it trades below a support level, finds no further selling and is immediately overcome by demand by this the bears are caught by surprise as price has turned against them .. expecting the further targets upside point is...hdfc...

Shrillex17

Bank nifty after being in a good downtrend has given a weekly close with one of the highest volumes till any past week..very comparable to budget 2021… As you can seen bank nifty is trading in a nice trading upwards channel..it has touched the previous support or swing high of pre Covid high, oversold in a channel and oversold in the smaller channel as shown by...

Shrillex17

jubilant food works after being hammered solid its near its potential buying zone pretty oversold in the channel as you can seen also jubilant has completed the classic ab=cd pattern, expecting at least a 0.382 to 0.5 retracement(marked on far right) 0.5 retracement also happens to be the old swing high where liquidity is expected to be sitting jubilant has...

Shrillex17

strength seen on weekly time frame with good momentum this bar also happens to be 1)200MA 2) trendline support 3) spring near local support 4)break of downtrend trendline on daily time frame 5) if you believe crude prices will shoot up,this should be a good entry

Shrillex17

here you can see perfect entry short.. ideally the target would have been below the short term lows but it never traded below it...so its always a good practice to book profits at 50%

Shrillex17

one of my favourites when trading banknifty taking eg for a short setup works very well in range bound and index trading..has excellent risk to reward ratio due to selling at top and buying at bottom first step is marking levels..tune to 1hr and mark the most prominent levels which stands out..big gaps, strong big fat bars, the levels with the strongest...