- Since Oct18,Bnifty is closing inbody of Sep18 monthly big candle.
- Feb19 monthly candle also closed inbody of Jan19 candle. Feb19 is a NR7 pattern.
- Narrowing range suggest a consolidation and big breakout in Mar19
- View is bullish if 2HR candle closes above 27350
- View is Bearish if 2HR candle closes below 27630
- Get ready for Directional and Big Move in Mar19
- Feb19 monthly candle also closed inbody of Jan19 candle. Feb19 is a NR7 pattern.
- Narrowing range suggest a consolidation and big breakout in Mar19
- View is bullish if 2HR candle closes above 27350
- View is Bearish if 2HR candle closes below 27630
- Get ready for Directional and Big Move in Mar19
Comment:
Correction: View is Bearish if 2HR candle closes below 26630
Trade active:
Hold it with SL of 26950
Trade active:
Yday's daily candle was a Doji
this candle has been formed at lower line of price channel which was existed since Oct18 and was broken on 12 Feb.
This lower line will act as a resistance
Doji at this resistance level tells that lower levels may come.
Today's trade:-
- Will exit the long position if Bnifty trades below 27600 for half an hour
- Will take Short trade at this point with SL of 27710
this candle has been formed at lower line of price channel which was existed since Oct18 and was broken on 12 Feb.
This lower line will act as a resistance
Doji at this resistance level tells that lower levels may come.
Today's trade:-
- Will exit the long position if Bnifty trades below 27600 for half an hour
- Will take Short trade at this point with SL of 27710