Parthasarathi_Dey

Parthasarathi_Dey

M15 chart currently running in corrective mode. Because, 5 mins timeframe showing CHoCH & continuously making BOS in down trend. So, we will look for short sell opportunity. Now we have to wait for inducement(55230) or another it can make lower low again and then grab the last pullback to take the sell entry. So, now two levels are there to take the entry for...

Parthasarathi_Dey

As we can see H3 chart already has created reversal CHoCH which is a good signal of bullish view. After inducement (X) taken out candles have created M15 Ch and price is trading in the discount zone (<Rs 225/-) of previous impulsive leg (the low & high swing points already mentioned on the chart with yellow dot) So, we can buy at the demand zone or at any price...

Parthasarathi_Dey

In 15 mins timeframe market view is bullish. It did BOS (Break of Structure) as its breaks previous swing high and then took inducement (24260) in the same time frame. According to chart, high point is 24450 and low point is 23853 as per 15 mins swing. So, we will look for buying opportunity here. If market comes down till 23990 to 24050 area (demand zone) then...