ASCENDING TRIANGLE FORMED - GOT MULTIPLE TIMES HAMMERED @ 2710 LEVEL - TODAY IT CLOSED AND BREACHED THAT LEVEL - ................ ALSO CUP & HANDLE PATTERN FORMED WITHIN THE TRIANGLE WHOSE NECKLINE ALSO BREACHED TODAY ON CLOSE................THESE FACTORS CAN GIVE A QUICK OPENING GAIN FOR 20-30 PTS...........VIEW NEGATED IN THERE IS GAP UP OPENING WHICH WONT GIVE...
BUILD UP OF 100 + DAILY CANDLES MAKES IT MORE TOUGH TO CRACK lets c if it gets successful disclaimer - for study purpose only.
AB = CD TARGET TO RESPECT SHOULD GET 300-400 + POINTS IN BANK NIFTY disclaimer - for study purpose only.
DAILY ADX ABOVE 30, +DI > -DI, LAST 3 CANDLES MAKING LOWER LOWS - BASED ON THE THEORY, BUY GENERATED @ 2193 WITH SL OF 2146, T1 - 2215, T2 - 2238 disclaimer - for study purpose only.
A) DOUBLE BOTTOM FORMATION - NECKLINE BREAK WILL GIVE UPMOVE, B) ADX IN SUPPORT OF BULLS, C) RSI HIGH ENOUGH BUT YET TO TOUCH OVERBOT ZONE, = looking AT THESE PARAMETERS THERE SEEMS TO BE A BREAK OUT ABV 171 #174 BEING THE NEXT RESISTANCE LEVEL TO CROSS ... disclaimer - for study purpose only.
RANGE 12050 - 12250 IS THE RANGE FOR INDEX FROM WHERE A U - TURN CAN BE SEEN, POSSIBLY FOR A PROFIT BOOKING LETS SAY BUT AND IF FILLED AND CROSSED THEN BOOOMMM BOOOMMM BOOOMMM - DIWALI CRACKERS WILL B SEEN disclaimer - for study purpose only.
3 HIGHER HIGHS FORMED + ADX ABV 30, -DI > +DI = SALE BELOW 1885, WITH SL 1930 , T1 1875, T2 1860 T3 1845 disclaimer - trade with your risk & analysis
FLAG PATTERN FORMATION - BUY CAN BE TAKEN ON CANDLE CLOSE ABOVE 205 WITH 202 AS SL, TARGET CAN B BOOKED 2 1:1.5 / 1:2 , time frame intra to btst. disclaimer - to be traded at your own risk.
TREND LINES, SUPPORT & RESISTANCE LINES SHOWS BREAKOUT ON CARDS , BACKING FROM ADX INDICATOR IN FAVOR OF BULLS STRENGTH WAIT N WATCH - PERSONALLY WILL WAIT FOR BREAK OUT TO HAPPEN, RETEST THE LEVEL , N THEN TAKE THE ENTRY. disclaimer - for study purpose only.
1) Pin bar act as support and resistance 2) Low of bullish pin bar act as support and high of the bearish pin bar act as resistance 3) logically a Pin Bar should close in favor of the prevailing trend, for example if the trend is up then the Pin Bar should have the closing higher than the open and should be a bullish Pin Bar. The opposite applies for a down trend....
SUCCESSFUL RETRACMENT TILL 0.618 DONE, NEXT TILL 0.786 TO TOUCH N THEN SOME SALE OFF EXPECTED & IF THAT IS RESPECTED WE SHALL FOLLOW AB=CD PATTERN FOR INDEX TRADING. disclaimer - for study purpose only.
HAVE I NOTED RIGHT ? disclaimer - for educational purpose.
last 3 hourly candles shows - high isnt broken yet making those level strong resistance for day + higher lows can mean bears not able to play much today = 2nd half can either be for #bigbulls or pay withing this inside body ... lets see the play disclaimer - for only educational purpose.
A GOOD MIX OF 1) REDUCE YOUR SIZE TILL FEAR IS OVERCOME & 2) STICK TO YOUR PLAN, SET UP = IF BOTH POINTS FOLLOWED / KEPT IN MIND, NOTHING CAN STOP YOU FROM OVERCOMING YOUR FEAR OF TRADING disclaimer - for educational purpose only.
LOWER LOWS FORMATIONS INDICATING DOWNSIDE TREND, STRONG BREAKOUT ABOVE THE TREND LINE AND RETESTING IT INDICATED REVERSAL IN CURRENT TREND disclaimer - for study purpose only.
NTPC down from day's high - volume played biggest role in this fall ... since morning no close above VWAP shows why volume is so important to focus on for trading and managing risk reward.A FRESH BUY can get triggered when script rate is above yday's closing VWAP + closes above TODAY'S VWAP. till this setup happens i would patiently wait to become a...
FULFILLMENT OF BUTTERFLY HARMONIC PATTERN - IF RESPECTED CAN GIVE FALL IN SCRIPT LETS WAIT N WATCH ACTION NEXT disclaimer - for study purpose only.
INDEX AT CRUCIAL RESISTANCE LEVEL WHICH CAN B BREACHED - AS - ADX & RSI IN BUYER'S SUPPORT + A SMALL OPEN GAP WHICH HAS ALL HIGH CHANCES TO GETTING FILLED WOULD APPRECIATE YOUR COMMENTS VIEWERS ... disclaimer - for study purpose only.