lets_learn_trading

lets_learn_trading

Nifty has formed a series of higher value CPR for a significant period of time. Price has strictly stayed above CPR during the uptrend. However, CPR has started forming a sideways analysis for the last 3 quarters and now a lower relation. And the Price has broken Quarterly S1 for the first time in a significant period of time indicating a strong bearishness.

lets_learn_trading

YEARLY PIVOT ANALYSIS price is currently auctioning back and forth between yearly BC and yearly pivot and over Yearly POC and Yearly L3. despite the first pullback at double GPZ (Yearly POC and Yearly L3 inside Yearly CPR), price has failed to create new highs. we have a Yearly money zone at 414 which could bring in yearly responsive buyers. a strong...

lets_learn_trading

price has formed a tight consolidation PEMA has squeezed (13,34,55) and also PB oscillator. the monthly cpr width is narrow. price has showed a bullish strength at the start of the month. there are a confluence of resistances just above the bearish trendline sustaining above money zone high and previous month high could give a good upmove for the...

lets_learn_trading

PEMA is squeezed and price is forming a triangular pattern in one hour. the width of cpr is narrow in weekly level. price is currently trading below monthly money zone and within weekly money zone. a strong upmove beyond weekly money zone could bring in short covering of monthly initiative traders. but beware fake breakouts as there are confluence of R1 & H4....

lets_learn_trading

price is currently trading above weekly cpr and taking resistance at Weekly R1 and monthly L3. there was a confluence of weekly money zone, weekly CPR , weekly L3 and PEMA (13,34,55). Also, there was an inside weekly cpr relation which offers a potential breakout. The price has smoothly stayed below PEMA and has crossed over PEMA indicating a bullish...

lets_learn_trading

Price seems to show support at previous swing low (previous month low) also there are multiple confluences of weekly and monthly pivots. sustaining above Previous week Low could push the price to weekly VAL and then monthly VAL (also confluences with weekly POC)

lets_learn_trading

the price has been consolidating for quite some time now and is trading within monthly value area. breakout on either direction could lead to good unidirectional move.