The_SharkTrader

The_SharkTrader

1. Breakout with consolidation 2. 1:5 RR trade set up 3. Aggressive traders can keep a tight SL 4. Best part is price is in range of listing candle (Good base developed for upside move

The_SharkTrader

-1 month consolidation is covered in a single day with about 15% up move, must have stocks in PF -Trend is bullish in all the time frame

The_SharkTrader Updated 

1. Weak hands have been removed with false breakout 2. Structure is bullish, calculated risk can be high rewarding 3. If price has to move and it intend to remove weak hands, then this should be the place price should reverse

The_SharkTrader

1. Price is making tight consolidation zone 2. As discussed in on of the earlier post, since BN is trading near ATH, to break its ATH, it has to consolidate before breakout

The_SharkTrader

1. Trend is bullish 2. Buy on dip 3. Price is trying to hold at upper level 4. Price can face resistance at recent top 5.Major trend is bullish

The_SharkTrader

1. Chance are less to continue this downtrend channel 2. We soon can expect a breakout 3. Sure Entry is after breakout/ Early entry has it high reward for early risk 4. RR is 1:8+ 5. Price is also reversing from FIB 61 golden ratio

The_SharkTrader

1. Clean & crisp breakout of triangle pattern 2. 12 months of consolidation 3. Major trend is bullish

The_SharkTrader

1. Banknifty is more choppy then nifty 2. Price is in previous day's range 3. Break of yesterday' range and give momentum of marked support & resistance

The_SharkTrader

1.Price did not break yesterday's low 2. It look bearish but it actually opened gap up and closed near to yesterday's low 3. price is consolidating in a way with bit of volatility

The_SharkTrader

1.Price is trading at support 2.first 15 min candle is bullish and price is consolidating in first 15 min range 3. A bullish green candle may appear seeing the structure 4. with 50-70 points SL day's high can be targeted

The_SharkTrader

Considering the expiry and price trading at ATH zone, it is advisable to wait for clear direction of the market, if we need to get breakout then price is most likely to consolidate before the resistance.

The_SharkTrader

Trade only near to support or resistance since tomorrow is expiry, market can be choppy

The_SharkTrader

- Banknifty trading below ATH resistance, since the trend is bullish, buy on dips is recommended - However if price open gap down, then wait for price to take support from any zone marked on the chart -Opening gap up will trigger resistance to turn into support, but sustaining above it will give momentum for the day

The_SharkTrader

-If nifty opens in the marked range then wait unless price test the marked levels -Trading at random place will only damage capital -if open gap down, then wait for green line reaction on the price, if price sustain below it then look for sell on rise or If price recovers and sustain above it then buy on dip - If gap up then red zone is the resistance area,...

The_SharkTrader

1. False breakdown 2. Even after breakdown no follow up fall 3. 3 months consolidation

The_SharkTrader

1. Next target is subejct to breakout and price sustaining above breakout levels

The_SharkTrader

1. Fresh Breakout 2. Trend- Bullish in all time frame 3. 6 months consolidation before fresh breakout

The_SharkTrader

1.5 months formation of the H & S pattern 2. Trend- Bullish in all time frame 3. Very strong Breakout