COMPARING MY YESTERDAY STATEMENTS AND TRADING PLAN.
1. Yesterday I mentioned that between red and green arrow is no trading zone. Beacause price will hunt for sl in both sides . Traders
in both sides will not get good profit rather will be trapped in both sides. This happens in trading range. Therefore , avoid to trade in no trading zone. Nifty though did not move in that style but did no cross lower end of red and white zone.
2. For last seven trading session nifty is moving in range .Today move was slight bearish trending move. That gives me impression of breaking this range either by gap down or while in trading session.
3. Lower white dotted line is my target . if this is breached tomorrow and price do not come back in next hour then can see move to pink color support.
4. A green trendline is shown till this line is not breached then chances to move down are intact. On breaching if price do not come back in 30 mins then shorts should be covered .
5. Momentum can be seen on lowerside when price break lower white dotted line and do not come back in 30 mins.
6. The formation of this structure is corrective so opposite side move would be frequent.
YOGESH VATS
1. Yesterday I mentioned that between red and green arrow is no trading zone. Beacause price will hunt for sl in both sides . Traders
in both sides will not get good profit rather will be trapped in both sides. This happens in trading range. Therefore , avoid to trade in no trading zone. Nifty though did not move in that style but did no cross lower end of red and white zone.
2. For last seven trading session nifty is moving in range .Today move was slight bearish trending move. That gives me impression of breaking this range either by gap down or while in trading session.
3. Lower white dotted line is my target . if this is breached tomorrow and price do not come back in next hour then can see move to pink color support.
4. A green trendline is shown till this line is not breached then chances to move down are intact. On breaching if price do not come back in 30 mins then shorts should be covered .
5. Momentum can be seen on lowerside when price break lower white dotted line and do not come back in 30 mins.
6. The formation of this structure is corrective so opposite side move would be frequent.
YOGESH VATS
t.me/tradengrow
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g
www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g