It dropped sharply from the $161 level I mentioned in my previous review and came to $135. He gets a reaction from there and tries to enter the channel again. 4-hour closes above turquoise should be carefully examined with volume candles. We have 2 scenarios ahead of us. In such a case, the scenario with the red arrow may be valid in such a case that it cannot ...
I believe we will see price testing. low on the 21st of June A breakout from that level will take the price to 19-17k, which I believe is a decent place to enter a long trade. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy...
Hi Traders! In this idea, we want to show the main structure of the market. For us, there hasn't been any Trade Setup developed yet. As you can see, the market broke out the weekly Trendline, which goes back all the way to April of the last year. After that, the market moved higher and a lower ascending daily Trendline occured too. The Movements above the...
Be careful!! Nifty is in a bull run, book your partial profits and exit Nifty has increased to 1048 points from 2nd AUG 2021 to 30th AUG 31st AUG 2021 might be an interesting day for traders and invester. We can expect a volatile price movement during the trading hours. Thank you! Feel free to share your ideas or thought in the comment section.
Weekly analysis for ZSX2020 Week 41: 12 to 16 October 2020 This is the second time for ZSX2020 flying into the unknown area. Normally in this scenario, I will long at the RBS area; however, now it's a bit late for that. How high can it go? we do not have the data, again, it's best to wait and see until the price dives below $1,047. This week no trade call, just...
Gold has just broken the 30m and 1h resistance and would most likely follow clean traffic through to 1870 if support is respected, however as it is the end of Friday I am just spectating to see if it plays out as it should
My last two updates August 24 : NIFTY is on it’s way to the upper boundary of the gap -11633. I don't know how fast it can travel, But I expect that target to get achieved in this expiry. If It gets to 11633 in the next two sessions, I plan to take a reversal trade with tight stop loss. Till then, just ride the trend using intraday breakouts. August 25 : For...
Hi Traders! The market is in a (weak) Downtrend. Let's begin with the daily Timeframe: As you can see we here have two main things to consider: 200 EMA The price is moving under the 200 EMA. That means that the average price of 200 days is contantly falling. We should use this information and establish to only take Sell-Trades. Daily Trendline Even the...
August 20 Trade Log “I have a bearish bias for tomorrow. If not bearish , at least consolidation below 11350. For short 11350 is alert level and then 11370 can be a stop.” My expectation was not correct. NIFTY opened the gap up and traded above 11370 for the day. My Trades No trades for the day today. My Observations for the day NIFTY closed...
In my trade logs of August 18 and August 19, I had mentioned why I am not not trading even when NIFTY is making high above 11400 August 18 Post August 19 Post From the post “All indicators are showing high bullishness. But as I said, since we are close to the monthly trend change level, I am being very cautious and not taking sides. What that...
In my post of August 18, I explained why I’ll trade lightly in the zone 11380-11630. Please refer to the post. My trades No trades today My observations for the day NIFTY was tightly range bound in 11400 - 11460. It closed 0.20% up. BANK NIFTY closed 0.52% up VIX dropped below 20. It is now at 19.96 Advance Decline is 28 to 22. My view for tomorrow...
In my weekly review (link below) post, I said There are two possibilities for the coming week. Possibility 1: Consolidation in zone 11312 - 11050. This basically means, the move on Friday could not get great follow up selling. Possibility 2: New downswing starts which takes NIFTY below 11000, around 10830 as the first target. This move has to be fast and...
In my August 10 Trade Log, I had said I expect a positive day tomorrow with the possibility of a new high. NIFTY made a new high and ended positive. ======================================================================= My trades No trades for today. Intraday range was very low. The breakdown of initial range was risky as NIFTY had made new high and my...
In my post dated August 6, I had said I am again expecting consolidation to a bearish day. As I said, good setup for reversal around 11280-11300. It was a consolidation day. Not bearish. ================================================================================================== My trades. I did not trade today. My Observations NIFTY closed flat...
From my August 5 update, I expected NIFTY has strong resistance at 11228. Any bounce tomorrow upto 11228, excellent shorting opportunity with clear stop. News driven action likely tomorrow. I expect consolidation to bearish movement tomorrow. NIFTY was choppy, but not necessarily bearish. The short from 11228 was a good setup, but too fast to trade as it...
In my August 4 trade view, I said Considering the momentum NIFTY had on 4 days of downtrend, I treat this bounce as the first bounce, which is likely to fail. But considering the chart of Reliance and BANK NIFTY , I feel there is some more upside up to 100-150 points. For tomorrow, I expect sideways market mostly with touch of 11050 - 11000 area, which...
In my yesterdays post (link below), I had said I do not have strong bias on either side. Also it is an expiry day. I’ll watch the first few minutes of action. If there is bearish continuation, then intraday short may be a good idea. Some consolidation structure, possible retest towards 11200 is possible in next 1-2 sessions. Though it looked like a bullish...
In my yesterday’s post (Link Below) I had said 1. I’ll be trading with consolidation to bearish bias tomorrow. This view is against the trend but I think 11200-11270 is a good area to start thinking about reversal. 2. I’ll build positional shorts, not aggressively, but with generous time and price stop loss. 3. For tomorrow, if there is a gap up, I think it'll...