Vlswagath

Vlswagath

Dear all, the market is in a bad structure, the demand zone was from 14100 to 14300, now that nifty 500 is taking out this zone, the weekly charts is now in structure of lower low and lower high which is a downtrend in longer time frame. This was one reason why I have said that tracking the global market structure is important, we have EU50 making down trending...

Vlswagath

Friday's session was the reason why I kept saying about tracking the S&P 500, on Thursday the S&P 500 did bad which affected our market to gap down on Friday's session and close lower, big gap on the opposite side of the short term trend causes the structure to change. Even the session on Friday S&P 500 did bad, so again we will see a gap down on Nifty 500 on...

Vlswagath Updated 

Nothing much has changed from the previous post, the trend in the short term is to the upside. Nifty 500 today gapped up in the morning session and saw some selling but soon there was buying happening at lower level, price managed to close higher for the session, so there is buying happening at lower levels. Once the price is heading towards 15300 level which is...

Vlswagath

As guessed in last post, Nifty 500 is now making a move higher after testing the demand zone marked, today nifty gapped up and closed near the high, in the short term the trend has changed to uptrend, one concerning thing is the range of candle, the range of candle as such is not big and today's session was something like a consolidation day but nifty 500 managed...

Vlswagath

Like discussed, Nifty 500 is now rejecting lower price in the range marked (rectangle making), which was a prior demand zone, so today the candle range was big, even though nifty 500 closed lower for the day, there is a lower shadow which suggests buying happening at lower level. So in coming days nifty 500 can head higher, that can happen by two ways , one we can...

Vlswagath

Like we analyzed in the last post nifty 500 is seeing some selling and the candle range too was big, so now that we are entering demand zone marked, we will have to see how price reacts tomorrow, there are two things that can happen from here, if there is demand then nifty 500 will start rejecting lower price at the range marked and make a bullish candle tomorrow...

Vlswagath

Nifty 500 had a rally last week after a big down move, after a rally, at level 15279.60 we are seeing some selling, this is also 68% retracement level of prior down move, so now nifty 500 can continue downward to test the demand zone marked in rectangle marking, and then can start moving higher, we will have to see how big the candle will be on downward move...

Vlswagath

Analysis is simple , rs line above 0 which states that stock is currently outperforming , mainly look at the wide range candle with volume expansion shows stronger hands buying into the stock. so buy above 522 with stop loss at swing low or wide rang candle low.