A wide CPR suggests to Sell the Rips and a Lower value relationship also signals weakness in the index. The width of CPR tells the Monday move can be sideways, Let us see how this simple analysis helps to trade on Monday.
The Dev CPR is super narrow today, which means tomorrow expiry will be interesting. Now today's static CPR is VIRGIN the one in the red box.
Virgin CPR means when the price does not touch the CPR and the next day probability is high to touch the virgin CPR.
The nifty spot has closed 11999.10 and golden pivots are there to support at 11978 and 11971.
Coming to the...
Hindalco 15mins chart clearly shows the Idev has formed inside the static CPR today, which means this can show a boom effect tomorrow.
Such a formation is known as IV formation which is like a ticking bomb. kindly keep Hindalco in watchlist for 2morrow.
The Dev CPR has closed the Friday session much higher than the static CPR. It is very nicely squeezed which means a trendy move will be
Again there is a Virgin CPR down there.
A higher value relationship on Monday which means buy the pullbacks or dips looking at the price action and pivots placement.
Do watch for rejection candles on both Higher & the...
The blue crosses which can be seen are the developing CPR but the width is a bit wide which means a good bull power is needed to drag the
nifty higher above the top blue crossed line at 11926 for a further rally.
Now the static CPR as on 15/11/19 is not pierced by the price which means its a VIRGIN CPR formation. Most imp. formation who trade just
Nifty can bounce till 11945 to 11960 range and there one can take a positional short for a target of 11840 and 11790.
The 2 day CPR relation as of now suggests selling the rips. Any EOD close above 11990 can encourage the bulls to take the index higher.
On Monday on 60mins chart a VCPR is seen which means again sell if nifty comes till 11950 range. The CPR was...
View in nifty:
Any intraday dips can be bought till 11730 for tomorrow!!!
Too many news in the market as of now, both domestic and international. So, play with appropriate stops.
CPR relation is strong in all the big time frames so let us hope it is a nice chance to grab the dips at least till the first week of next contract.
Next month opening and 2-day relation...
A beautiful 2-day relationship pattern seen in crude WTI since morning. MCX crude last closed at 3804. Let us see how we react to the pattern now.
It's a pure textbook pattern tested and proven by the world's topmost traders.
Pattern name: OLHV
To learn the 7 (2 days relations) message me.
Todays Nifty setup is known as Higher Value Relationship. On such days it is said and proved that if the price opens gap up and then pulls back which is the perfect time to buy(buy the dips). Concentrate on the blue highlighted box.
To learn the 15 candle patterns and the 7 CPR relations please do message me. Very helpful
My today's trade-in Nifty(10 lots)
Watch the yellow box on the chart.
The green breakout candle was my entry in 11300CE at 54 and sold at 61.65. Now there are two reasons why I took this trade.
A small profit of 5,737rs.
No indicators used, just pivots and price action.
Smaller time frame charts are not valid so uploading 15mins chart, whereas the trade was on...
Bank Nifty spot closed at 28098.75 as on 13/09/19.
This is bank nifty daily chart.
CMP : 28098.75
Immediate resistence is 28282.62 then after 28483.32 and 28603.27, all the above blue lines are tough barriers.
Watch and count the blue pins under each candle and watch the price action.
From the first resistence of 28282 ish levels the index has cracked down nearly...
Nifty next week view :
If any good news delivered by the FM we can see a 25 to 45 points gap up opening on Monday.
Nifty spot may open at 11110 or 11128 just a prediction.
Then for intraday 11058 and 11080 can act as crucial supports.
My opinion is to long in Nifty keeping in mind the supports and just the price action.
A bullish divergence is also noticed on...
Boeing Daily Analysis:
On the daily chart an "Inverted head & shoulder pattern can be seen as well cup and handle.
Weekly breakout took place in boeing above 365 na d 370 levels.
If we see the same on the daily charts, Immediate supports are the 2 two broken green lines
@ 370.48 and 375.86 respectively, whereas the immediate resistence(blue broken lines) are...