If you remember, NIFTY exact follow our levels in the last post: CLICK h ere to see. This daily chart research has plotted few days before with (b) wave and let see (c) very soon. We are going to see sellers above the value high as an excess 6. From the 15min chart, we can find small value area for intraday support 11910 and 11963 and Resistance is...
An excess detected at the value high with price rejection and another is at a value low. During the fall from value high found the surging volume and broad volume at the value low. The price is trading at value low with already formed TAIL, therefore stop loss should below support 1295 and target will be at control price 1335 above. If volume generates...
In an uptrend, when you buy in excess below value or somewhere in the bottom half of the value area, the take profit level is always at the control price. When an opportunity arises to buy just above the control, the take profit will be at the value high. The protective stop will always be below the tail of the smaller rejection value area on the lower time-frame...
Price rotations are situated in the value area tail below value and price rotations are currently developing between the control and value high.
We are seeing clearly (c) wave is our target but where is the correct short level...! Presently NIFTY is at perfect support.
Excess has found for short this stock on the 15min chart with range 2154-2124 From the daily chart, TCS has a buy single already triggered and price moving up the side. The price is still far from control price.
Short Reliance 1364 nearby Stop loss 1371 Target 1351 And 1344
See the rectangle in the chart "It can be called as excess" because it did not spend much time in these price areas.
Corrected in value area for NIFTY. We have seen the result of Lok-Sabha election. Therefore, the market index is not going to change its trend nor channel. In the value area, price is moving Value High and expected consolidation control price to value high . A Trader can take benefit of this Value Area. This market is looking to build a long-term portfolio to invest.
Just try to trade in buy range and keep stoploss. try two times with stoploss. Here is good ratio of reward than risk.
Buying and selling should be near support and resistance. Resistance at 12000 nearby and Support 11807 nearby for small value area. Detection of two excesses on the chart. Note: this is a small value which is not reliable as compared to higher, therefore I can say trade with a small stop to loss. Reliability is 85% around.
Short Reliance 1343 nearby. Stop-loos 1346 nearby. Target 1331 and 1326.
The small value area and narrow channel are plotted on the chart. For the long trader, the value area found the support at 31186 nearby . NOTE: Trade always requires verification of move by the few of the points due to live market hours. I will best try to update at live mkt hrs.
Due to falling the price , there is very low volume -> (not interested sellers) After strong price rotation , up spike has been seen -> (buyers wining) Buy above 1544 is not bad idea VS buying at the dips in support is accurate trade.
Short bajaj auto nearby 3096 it has made tail and on the high... stop-loss 3109 nearby. Go for the target 3071 and 3049.
When to take action? Answer: buy when the price is below value low, and sell while price makes excess above the value high. The Control price always attracts the price which your profit booking zone. I'll take action only when making an excess. This is view of Turning Point trade.
This script is best for investors and swimming trader but, buy level still far from the current price. The 775 level can be an easy target. Entry should below 722 to 729.
keep sl because, big down spike also possible incase of heavy sellers. best way to buy in down SPIKE...! if you get big spike in 15min chart from now.... then buy.