COMPARING MY YESTERDAY TRADING PLAN WITH ACTUAL MOVE IN BNF. 1. FIRST OF ALL THANKS TO ALL MY FOLLOWERS WHO JUST ON ONE CALL SEND MANY LIKES AND COMMENTS TO ALL MY POSTS SHARED YESTERDAY. I AM HIGHLY THANKFUL TO ALL WHO LIKE & COMMENTED . HOPING REST WILL TAKE PART SOON. 2. NOW COME TO YESTERDAY STATEMENTS SEE I PLOTTED TWO STRUCTURES OF MOVEMENT IN BNF. IT...
COMPARING MY FRIDAYS STATEMENT & TRADING PLAN WITH ACTUAL MOVE. 1. IN PREVIOUS POST WITH MY TRADING PLAN I SHARED EXACT QUOTE " SELL ON RISE IS MARKET " .YOU CAN SEE MARKET OPENED GAP UP EXACTLY IN WHITE ZONE MENTIONED 10 DAYS AGO. 2. WEEK BULLS OPENED MARKET UP, BUT COULD NOT SUSTAIN . AFTER HALF AN HOUR STARTED LOSING THEIR CONTROL. AT THE END OF 1 HOUR...
COMPARING MY PREVIOUS STATEMENT FOR SGX NIFTY WITH ACTUAL MOVE. 1. ON STURDAY I SHARED THE CHART OF SGX NIFTY WHERE I TRIED TO ANALYSE THE MOVE IN SGX AND ITS EFFECT ON NIFTY. I SHOWED YOU A PINK AND RED COLOR ZONE. IN POINT NO.3 I SAID PRICE CAN GO TO THIS ZONE. I CIRCLED IN PINK COLOR.YOU CAN SEE PRICE BREACHED THE UPPER END IN RED COLOR AND CAME BACK IN SAME...
COMPARING MY LAST STATEMENTS WITH TODAYS MOVE IN NIFTY. 1. SATURDAY I POSTED NIFTY ANALYSIS WHERE I TALKED ABOUT BNF IS FALLING AND NIFTY IS STAND STILL . GAVE YOU TWO REASONS IN REGARD OF BOTH INDICES. A WHITE RED ZONE GIVEN LAST WEEK THAT IS SUPPORT ZONE , NIFTY COULD NOT BREACH DOWN SIDE. AS THIS IS SUPPORTED BY LOWER END OF GREEN CHANNEL. THESE TWO THINGS...
LET US FIND THE OPENING OF SGXNITY ON MONDAY AND SEE IMPACT ON NIFTY. 1. AS YOU KNOW ALL SGX NIFTY CLOSED 57 PTS UP ON FRIDAY. THEREFORE , IT SHOULD ADD MORE POINTS BEFORE 8AM IN MORNING. AS DOW CLOSED AROUND 455 PTS UP. IF WE HAVE THAT DATA THEN WE CAN EASILY SAY THAT THERE IS GAP UP OPENING ON SGX NITY AS WELL AS NIFTY . 2. NOW COME TO TECHNICAL ANALYSIS...
LET US COMPARE MY LAST WEEK STATEMENTS FOR DOW WITH THIS WEEK MOVEMENT. 1. I HAVE ATTACHED LINK OF MY PREVOIUS POST , SENT ON 5TH OF MAY 2020. YOU CAN SEE I SHARED A UPWARDS JOURNEY OF DOW IN THIS WEEK. SAME HAPPENED . IN PREVOUS POST I TALKED ABOUT A RED CHANNEL LOWER BAND WHICH WAS FORMED LAST WEEK. AND FROM THERE YOU SEE UP MOVE. I MADE THE CONCEPT...
COMPARING MY YESTERDAY STATEMENTS WITH ACTUAL MOVES. 1. AS I SAHRED NO LONGS TILL WHITE DOTTED LINE IS TAKEN OUT. THIS IS THE THIRD DAY OF MY STATEMENT WHERE NIFTY DID NOT DARE TO TOUCH THAT WHITE DOTTED LINE. SO NO QUESTION OF LONG. TODAY WAS THE GOOD CHANCE FOR NIFTY TO CROSS THIS. AS IT OPENED GAP UP WITH GOOD POINTS. 2. INFACT IT TRAPPED BULLS BY GAP UP...
COMPARING MY YESTERDAY MANIFESTATION OF BNF MOVE BEORE IT HAPPENS WITH ACTUAL MOVE. 1. YESTERDAY THE EXACT WORDS I USED IN MY POST WERE " WE CAN SEE GAP DOWN OPENING TOMMOROW. SOMETIMES MARKET OPEN UP AND COULD NOT SUSTAIN FALL IMMEDIATELY THAT CAN NOT BE RULED OUT." . THAT IS WHY I ALWAYS SAY TO MANIFEST THE MOVE OF MARKET BEORE IT HAPPENS. NOW YOU COMPAIRE...
COMPARINING OF LAST DAY STATEMENTS WITH TODAY'S MOVE. 1. EVERYDAY I MAKE SKETCH OF COMING MOVES IN MY STATEMENTS, NIFTY AND BANK NIFTY MOVES ALMOST SAME , BY GOD GRACE BOTH INDICES JUST FILL THE COLOR OF THEIR MOVEMENT IN MY SKETCH FIG. ALL IS IN RECORD CAN BE CHECKED WITH PREVIOUS POSTS. YESTERDAY I CIRCLED ONE PAUSED CANDLE MADE ON ZONE RED & WHITE GIVEN...
COMPARING OF YESTERDAY TRADING PLAN WITH ACTUAL MOVE. 1. INFACT THERE IS NOTHING TO COMPARE WITH YESTERDAY STATEMENT EXCEPT ONE OR TWO POINTS. TODAY MARKET MOVED IN TIGHT RANGE . IT WAS EXPECTED BUT THAT MUCH TIGHT RANGE IS NOT. I WAS EXPECTING BNF TO COMPLETE ITS STRUCTURE TO GREEN END OF CHANNEL FROM WHERE PRICE WAS BROKEN DOWN SIDE. REASON SHOWED BUYING...
COMPARING LAST DAY TRADING PLAN WITH ACTUAL MOVE 1. IN LAST PLAN A RED DOTTED TREND LINE & WHITE SOLID RESISTANCE GIVEN 4 DAYS BACK WERE KEY OF YESTERDAY PLANING. I SHARED IF PRICE BREAK THE RED DOTTED TREND LINE THEN NO MORE SHORTS. PRICE OPENED FLAT THAT WAS EXPECTED , IN FACT ONE OF MY FOLLOWERS WAS STUCK IN LONG SIDE SO WANTED TO KNOW OUT OF CURIOSITY ABOUT...
COMPARING YESTERDAY STATEMENTS WITH TODAY MOVE OF PRICE IN NIFTY. 1. IN YESTERDAY POST I SHARED THAT TILL WHITE AND RED ZONE IS BREACHED NO SHORTING PLEASE. I TALKED ABOUT FLAT OPENING.SAME HAPPENED. AS EXPECTING SUPPORT HERE . TODAY NIFTY TOOK SUPPORT MAKING SMALL PAUSE CANDLE MARKED IN RED CIRCLE. MEANS IT MAY SPEND SOME MORE TIME HERE. 2. IN FACT TODAY BNF...
COMPARING OF MY YESTERDAY STATEMENTS WITH TODAYS MOVEMENT IN BANK NITY 1. YESTERDAY I SHARED THAT CARRYING LONGS FOR THIS DAY. SEE BNF OPENED ALMOST 400 PTS GAP UP. MY RULE IS SIMPLE WHEN I GET THIS OPENING IN FORM OF GAP UP OR DOWN I WAIT FOR 5 MIN CANDLE EITHER TAKING SUPPORT OR TAKING RESISTANCE . I BOOK MY PROIT . IN TODAYS CASE SEE CANDLE NO 1 TOOK...
COMPARING OF YESTERDAY STATEMENTS WITH NIFTY TODAYS MOVE. 1.I SHARED WHITE SOLID LINE ON FRIDAY , MONDAY PRICE TOOK SUPPORT AND TUESDAY GAVE 160 PTS GAP UP OPENING. BUT COULD NOT TAKE OUT WHITE DOTTED LINE . AS MENTIONED YESTERDAY LONG CAN ONLY BE INITIATED WHEN DOTTED LINE IS TAKEN OUT. RATHER PRICE BREACHED SOLID LINE SUPPORT. SECOND CLUE OF WEEKNESS , FRIST...
LET US COMPARE WHAT I SAID IN THURSDAY EVENING POST FOR MONDAY 1. ON WEDNESDAY POST I I WAS BEARISH FOR MARKET SO ON THRUSDAY BNF MADE SLIGHTLY BEARISH STRUCTURE WHICH I MENTIONED IN THRUSDAY EVENING POST. NOW ON MONDAY YOU CAN SEE ON THIS BEARISH SENTIMENT MARKET REACTED SO WELL. REMEMBER FOUR DAYS BACK I TOLD I AM BEARISH. THAT IS ON RECORD ANY ONE CAN SEE ....
UPSIDE JOURNEY OF DOW JONES STARTED TODAY 1. DOW MADE UPPER END OF RED CHANNEL IN FIG. FEW DAYS BACK. BUT IT WAS SEARCHING THE LOWER END OF CHANNEL WITH PERFECT ANGLE . TODAY THE LOWER END IS FORMED. LOCAL DISTIBUTION IS GOING ON. VERY SOON JOURNEY FROM CHANNEL END TO WHITE ZONE OR UPPER END OF CHANNEL WILL BE COMPLETED. 2. AS YOU ALL KNOW STOCK MARKET IS GAME...
COMPARING OF NIFTY SATURDAY ANALYSIS WITH TODAY MOVEMENT 1. IF YOU REMEMBER ON FRIDAY'S POST WHICH WAS WEEKLY ANALYSIS, I SHARED BEARS ARE GOING TO BE TRAPED. IN FIG I SHARED A WHITE SOLID SUPPORT LINE AS ENTRY POINT. SEE TOADAY'S CANDLE ,IT TOUCHED EXACT SAME SUPPORT CIRCLED IN YELLOW . I WAS EXPECTING THIS POINT TO COVER IN 1 TO 2 DAYS. BUT IT COVERED VERY...
TRADING PLAN ON MONDAY 1. As in my previous post on nifty i shared how nifty is going trap bears for next week. Now on daily basis how trader will trade. Always remember without stop loss no trading can be done. Before entry one should know where to put sl in trading. As you know SGX nifty is down so get ready for gap down open. Now question arises at what level...