A simple rally base rally pattern, one pattern has already completed looks like this is going to be another one! Check this!
Market being volatile giving unexpected behaviour in short time frame than the long one. After analysing the price behaviour in long time frame, this picture comes out in my mind, predicting next week price movements. Only observation and no active participation!
Good rebound indication given by the market today. Entered into the stream!
BNF consolidated today and moved in a particular range only. Almost 2000 points in last few sessions. An upward movements is possible, also if the price ditches the red line by breakout failure, consider BNF bearish only till 46k levels. There is a big 1000 points zone in green color which can act as multple scenario changer. this zone can provide 1000 points...
BNF is in a range now between 48500 - 48200. If the price closes above 48492 expect a short bullish action for trade. This is only bullish point of view! So entry around 48500 & Targets are as follows: 1st = 48700 2nd = 48870 3rd = 49100 4th = 49240 These are the levels from where the prices can reverse back too. its upto the person's awareness about the PA.
Post big moves, Index behaving consolidated with 1 or 2 spontaneous move! Let it be in the range and wait for the hunting the prey. Tip: Once the price break down and reverse back into the entry zone - expect big directional move. In such scenario avoid holding and try to achieve 1:2/ 1:3 target and exit immediately!
Post Market price action showing some bearishness in upcoming sessions. Previous 2 sessions provided big trendy moves. Keep an eye support thick support zone for reversal and descending trendline. Observe Closely this chart till expiry. Fluctuations can make premiums stuck in a bottle neck!
Hope previous levels helped you a lot. here is the prediction for next week!
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind. Simple analysis: Gap Down Open - Confusion/Reversal Gap up Open - Must be above top blue line Bullish - Prices must hold above top blue line! NTZ = NOTRADING ZONE (Avoid fresh entry)
BNF repeated the price action as same as on 21st March. Have a look! There are no good active moves since last few sessions! Frequency between Time and Momentum is being mismatched. Tomorrow or Day after tomorrow - Hoping for the big active move! Levels are simple - Zone between the two blue lines are nuisance completely. Good for range trading. - Zone beyond...
Previous two sessions of bank Nifty hits high and low at almost the same matching levels. 4 conditions are going to occur in upcoming sessions: 1st - Price can break the previous 2 days' highs OR lows and move in the respective direction. 2nd - Price can follow the 1st condition with failures. 3rd - Price can remain in the range with multiple failures making...
Nifty showed best response on the levels. BNF seems to be little hesitant. I am clearly biased for The Short on BNF. Just a test for The FAITH in calculations! Note: Observe Intensely!
Trappy Week Ahead. Observing Phase. Just for Tomorrow - Nothing in the mind.
A puzzle for the simple and smart mind! Long = 47400 Short = 47200
Crazy emotions! Bear/Bull - whom to follow! Above 22200 - Start Shifting mind towards upward move. Beyond 22230 - Long with 40 points Stop loss (Closing beyond 22190). Be careful these ranges if breakout failure happens. If found any reversal pattern, take appropriate action immediately. Targets - 22297(Previous ATH), 22450, 22588, & 23039. Also, keep...
Today it took 3 sessions to cross the "Descending Trend Line" & "The Horizontal W's Neck Line" finally. Expiry is for "The Writers" now! Upwards Momentum's Strength can be seen that 1 candlestick broke both the hurdles. Key Points: 1. Next Hurdle is giant - 47200 to 48000. Its a big "Unfilled Gap" of 800 points approx. which was forcefully placed over Bank...
With this method, use Candle Pattern/ Stochastic RSI/ Trendlines. Back test with different Time Frame!
Bitcoin machine seems to be in a cool down phase, Bull throttle needs some rest completely.