jackson_philips

Just a thought - NIFTY KINDA LOOKS LIKE ITS GOING TO GO SHORT

NSE:NIFTY   Index of the 50 listed India companies
163 10 6
I've seen this pattern a few times and that when it hits the FIB Level.
Anyways , as long as it stays below 8600 - 8610 Levels , I'm short
Trade closed manually: I'm out of this Trade. Bagged a good 40 points down..
8403 to 8330 gap had to be filled si expect downtrend
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The Trend line which you have drawn....Do you consider the candle top or candle tick ?Just for my learning purpose. As I see the tick means the price has touched there and come back.
+1 Reply
jackson_philips udaya.gujaran
Udaya,

I'm not an expert. however, i believe we should not look at ticks and candles if price closes above 8600 then i feel its going to go long from there
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udaya.gujaran jackson_philips
Thanks for the info.
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InsiderB PRO udaya.gujaran
Hi Udaya, You can draw trendlines either considering candle wicks or candle closes. Both are right way, but you need to be consistent everytime you draw n use same method.
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Thanks
+1 Reply
Thank you.
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Thanks
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Congrats Bro
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