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yrdvas

Long for one more swing Intra day to 16600

Long
S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
yrdvas Updated   
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Volume Moving Averages avwap
1
0
volumestudies movingaverage avwap
Waiting for a Volume upswing to take one more intraday position for 16600 on NIFTY. You can see the Sell volume dry out gradually since the day high was crossed. Consolidation seen at AVWAP Band from Day low. Patiently waiting for next upswing to take a ATM CE call
Trade active:
Check on 3 minute - Upswing has begun. Good for scalp.
Trade active:
Reversing at R2 on CPR. Expect it to take support on 50EMA and go up again to test R3 on CPR at 16565 provided the momentum supports the swing.
Trade active:
Formed a Triangle and broke below the lower Trendline but still has support at AVWAP. Will exit trade if there is a strong down move with Volume below AVWAP
Trade closed: stop reached:
Exited when AVWAP Breached at 16460. Exited 16400CE Call.. NIfty broke support below 200EMA and VWAP heading to S2 support and consolidated below Pivot
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