tradytales

tradytales

Hi banknifty trader. there is a high probability that banknifty can form ascending triangle pattern and continue its bullish trend. also, it is forming this bullish at its all-time high region. so upside momentum can be good if breakout will happen.

tradytales

Today Narrow CPR has formed and whenever narrow CPR formed then most of time market is trending. This was 1st conviction to trade breakouts/breakdowns. The 2nd conviction to sell was that price opened below40500 PSY level and rejected twice from it. So after breakdown entry should be triggered.

tradytales

Whenever there is rejection from two perfect trend lines intersection point. there is more probability of price going down or going up.. For up side rejection must be lower. and for down side rejection must be upper

tradytales

Market never break its all time high in one go it will definitely face rejection from that reason which give us conviction to sell just after rejection candle.

tradytales

NIfty 28 July Expiry Plan... there is swing from nifty nifty show up momentum so if market open gap down tomorrow then those buyers who bought at last swing will get trapped and try to exit their trade and can take new entry toward sell side even sellers get start to sell whcch cause panic selling

tradytales

Bank nifty made converging up wedge if this wedge will be taken then height of wedge will be the target

tradytales

Whenever good bullish or bearish candle are formed with decreasing volume then most of the time reversal occur from nearest resitance.

tradytales

If nifty break down this channel then you can espect this target.

tradytales

Nifty on weekly time frame still not touch the 38.2% FIB level. Possibility it will touch then pull back but this pull back will not be good as per technical Price action analysis until it hit 50% fib level.

tradytales

Intraday setups for reliance India. Trade as per the setups not as per level metioned... This is not a suggestion only for education trade as per your own risk.

tradytales

In down trend Bank nifty has rejected from this level twice making lower highs on 1 hr time frame ..and going to test support range 5th time.

tradytales

tata steel at breakout level in trriangle pattern if you want to take entry then you can but at your own risk,.. this i education not suggestion

tradytales

Bank nifty congestion zone Don't enter if it give breakout directly without consolidationbelow trendline. Market never give direct braekout it could be a buyer trap

tradytales

The point of cotraflexure is a point when you draw your trendline is nearly correct then you will get this type of combo If market is down trend and price touches it from low then price maximum time get rejected and trend continued and vice versa for up trend