We are at important price point as we closed in supply zone. Important event in this week will be FED rate decision. I am not suggesting these moves considering FED decision. The levels are derived form demand supply zone and channel analysis. As we are back in original down trend channel after making low of 7916, action in near future is very important. We...
I am not sharing any trading idea in this, as price is between zones hence no trade can be initiated from current price point. One can consider that we have already taken support of demand zone below the price and trade, but it will be assumption only. I will not trade till the time my parameters of trade are not fulfilled. What i want to share in this...
Intention of the chart is to share the trading levels for the banknifty, this is the short term view for the market. I am not sharing the long or short view for this chart as intention is to share the levels not trading idea. Traders can use the levels to decide entry or exit points. Red zones are supply zones where selling pressure can be seen and green...
We have touched the lower line of down trend channel, hence we can expect a pull back from marked area. If we don't halt then 8300 zone is on the cards and expect the up move from the demand zone of 8300. Moving up wont be that easy, as we can sea that falling trend line and supply zone are above the price. Technically longs can be taken(Swing trade) after...
Price is AT the demand zone, hence coming days can give nice trade opportunity. 1. We need to trade only if candlestick pattern shows reversal. 2. The reversal pattern also needs to be seen on momentum indicator too. 3. The treading levels are mentioned on the chart. 4. Modification of the stops and targets needs to be done only if new zones are formed....
As mentioned on chart we are out of up trend channel and just above demand zone below the price, Supply zone above the price is not far away which is making the price range bound. If price closes below demand zone then we may witness a sharp fall in near future. Trades according to given zones are mentioned on chart.
We are out of original up trend which started from 6826, once we close below 8550 we will be in structural down trend and we will form new down trend channel. The Fibonacci levels are mentioned in the chart, closing below or above any Fibonacci level will open next level as target. We have formed triangle on daily chart which is shown on the chart, on the...
I want to clear one thing that by sharing this idea i am not asking any one to trade on the basis of this. Please do your own analysis and then risk your hard earned money. We are at important point in price and valuation of NIFTY. Current PE is around 24 and we are testing all time highs with the help of strong uptrend. We completed 100%+- of earlier fall...
Price( US30 ) is in correction mode, sharing this chart to assess the possible future move. The lines on chart are support or resistance lines. One needs to be alert when price is trading near Gann lines or arch. Pivots mentioned on chart are not part of pivot trading, they are there to identify market structure with set rules(to make structure...
Same like nifty this is not any trading plan, I am sharing this Road map to give overview of current move and possible future move. Lines on chart are marked in red and green, Red is resistance and green is support. Once Price moves above or below the line, perception of the line will change. Support will become resistance and resistance will become support....
This is not a trading idea, sharing this road map to share possible future moves of NIFTY. I have applied the Gann toll on weekly chart, on daily chart we can see that price is responding to tool's lines and curves. We can hope in future also price will respect the tool :-) . We can use such charts not to trade but to take overall idea and use the lines or...
Since January of 2015 we are below Red Supply zone and Above green Demand zone. Sharing this chart for the purpose of capturing the trading possibilities in sideways price move. Same technique can be applied to any time frame any instrument. On February or March of 2015 no one knew that price will move sideways for so many months. But if one can keep the...
We have already analyzed the Nifty on fibonacci. As per request by few friends on tradingview sharing bank nifty Fibonacci analysis. This is not trading idea but this will definitely help us to decide important price points. Please do your own analysis before trading with hard earned money...
Last time we analysed SENSEX down move and the retracement in to it. This time we are analyzing the current up move. Observations are on chart. According to current market move we can test 8260 or 9208 soon. One thing we need to keep in mind that this is daily chart so occurrence of level testing will take some time. :-)
We all know that we are at supply zone and generally price is expected to correct from supply zone, but in our case same is not taking place. we are correcting on time instead of price. Aggressive trades can take long or short positions according to entry levels. RR is good in short trade but current trend is UP so one needs to be really aggressive to short....
Nice resistance breakout on daily chart. 1. Share is in Uptrend 2. Risk to reward is good 3. trail stops with next swing 4. Out of supply zone too. I am not advising on investment , but this is in line with swing breakout analysis.. one MUST take investment decision according to his judgement and investment system.
Idea is to share nice trading system. All you need to do is following 1. You dont go after the trade, let trade come to you. Our job is to wait for opportunity (how its done? answer is by following trading system). 2. Draw market structure on 15 mn. chart (you can take any time frame after backtesting) 3. Whenever market closes above previous swing high we...
Trading levels with time analysis mentioned on chart. Price Levels are derived from demand supply area and Fibonacci. Same price levels can be used on daily chart.