BN is super bullish, positional as long as it is above Dotted Red Trendline. Some trend might emerge after close of 12:15 pm candle, for momentum trading. Watch out for crossover at 12:15 candle close.
Above red trendline is bullish and can give a small short covering Light blue is support, if broken on downside, bearish Deep blue is super bullish on smaller time frame below orange is super bearish on smaller time frame. View can be made only after candle close. Use momentum if breaking trendline with strict SL
SL -below orange trendline, candle close on weekly TF
Crossover of trend line marked in circle. When ? - On 1 hr time frame - 1400 - 1500 hrs, on 15 mins time frame 1415 -1430 hrs IST This may change the trend. The trend will follow the 1 hr candle. Opportunity for momentum trading Cross over of trendlines - Trendline on Daily Time frame will intersect with trendline on hourly time frame
Time frame 15 Mins. CANDLE CLOSE As long as above red trendline is bullish and Short covering continuation Below Light blue trendline - Bearish till orange trendline. Below Orange trendline is super bearish bears. Price above Deep blue trendline is super bullish /over sold zone The Nifty spot has to clear 17705 ON 15 MINS candle close for any bullish trade.
Expected up move after 3 or 3:15 pm. There is undercurrent. Wait for smart money to enter support at 17705 spot
Price is showing strength SL - Price below orange trendline on weekly candle close
As long as price is above orange trendline on 15 min TF, Market is under bulls control. Below Orange trendline is bears. Above red trendline we will see short covering, Blue trendline is a strong support , if broken more fall Price above Deep blue trendline is super bullish /over sold zone
TIME FRAME - 15 MINS CANDLE CLOSE As long as price is above orange trendline on, Market is under bulls control. Below Orange trendline is bears. Above red trendline we will see short covering, Blue trendline is a strong support , if broken more fall Price above Deep blue trendline is super bullish /over sold zone
As long as price is above orange trendline on 15 min TF, Market is under bulls control. Below Orange trendline is bears. Above red trendline we will see short covering, Blue trendline is a strong support , if broken more fall Price above Deep blue trendline is super bullish/over sold zone
SL - Weekly close below orange trendline.
Observe the trend of 9:30 am , 15 min candle close. Crossover of trendlines at 9:30. Price action, trend may follow in next candles.
Long Natural Gas- Buy on dips intraday- Hedge bullish trade recomended
Keep watching the Nifty chart. Expected price action on Monday, around 1315 Hrs, Price action time highlighted. Cross over of weekly trendlines. Please note price may not be necessarily at the spot . Focus will be on time. Trying something new...keep watching.
Only swing trade. SL Below 16420 weekly candle close (4.5%) RR 1:3