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subhagghosh
Oct 27, 2021 11:17 AM

#nifty Short term Delta Update for Expiry:- Long

Nifty 50 IndexNSE

Description

#nifty Short term Delta Update for Expiry:-

1st there was a breakout on Monday, followed by an upmove yesterday and today upmove continued followed by a correction in end hours.

The price has entered into an uptrend channel and is expected to follow the path as defined.

Many of the traders might question being given a predictive patch instead of reacting on price movement, if I start giving reaction points then there will be multiple views and more views adds more complexity.

I post the predictable path which has a higher probability and you can trade based on triggers.

Added a pinch of #elliotteave learning in my analysis and you will find out how levels are calculated.

trade what you see, not what you feel, happy trading.

Regards,
SG

Note:- BN yesterday's analysis holds, it's range-bound.

Trade closed: stop reached

Comments
raj15aug
I like the way how you take efforts to make it easy to understand your analysis! thank you. if nothing else, it acts as a great guide for taking trades.
TheRadhaKrishna
Nice Observation Bro, Thank you so much 🙏🏻💐
subhagghosh
Rangebound, posted analysis on twitter yesterday
swathikanuganti23
What's your view on banknifty for tomorrow :)
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