Parthasarathi_Dey

Parthasarathi_Dey

Based on the daily chart structure, the current market trend is bullish, evidenced by a Break of Structure (BOS). The price has already retraced to the 70% Fibonacci level on the same timeframe, indicating a healthy pullback within the ongoing trend. However, despite this bullish context, this is not yet an ideal high-probability entry for either swing or...

Parthasarathi_Dey

Multi-Timeframe Market Analysis 🕐 1-Hour Chart (Higher Timeframe – HTF) Trend: Bullish Structure: The market recently formed a Break of Structure (BOS) by taking out the previous swing high. Retracement: Price has retraced to the 72% Fibonacci level, indicating a potential area for continuation of the uptrend. Key Zone: Price has now tapped into a significant...

Parthasarathi_Dey

H1 And M15 trends are bullish. M15 corrective move going to finish. After inducement (X) taking, M15 corrective trend must mitigate the extreme OB (order block). After M15 OB mitigation wait for lower time frame (i.e. M3 or M1) CHoCH or flip then plan for long entry, that will be M15 and H1 impulsive move or intraday bias.

Parthasarathi_Dey

H1 trend is bullish. After BOS (break of structure), H1 candles have completed Fibonacci 80% retracement and formed bullish engulfing candlestick pattern on the high probable demand zone. So, the structure is indicating very good bullish signal for long entry.

Parthasarathi_Dey

We can see in H1 chart, after 80% Fibonacci retracement taking, chart has formed H1 CHoCH (change of character). So, it ensure bullish market view started. After hitting H1 OB(order block) market has formed internal CHoCH (i-Ch) which reinforces bullish view. So, at this moment aggressive trader take market price long position and Safe trader will wait for...

Parthasarathi_Dey

As we can see in M15 chart after IDM (X) taken out price fails to make BOS (Break of structure) . So, we can say swing high become stronger than the swing low. Therefore there is a high probability to break the low. Hence we can create short position after taken out the inducement.

Parthasarathi_Dey

In M15 chart we can see market is bullish as recently candles have created BOS (Break Of Structure). So, we have to find buying opportunity. Now how can we get the long entry? For that we have to wait for a while to make the proper structure of candles. If the price sweep the IDM (X) (Inducement) level 24197 and form any rejection candle, we can take the entry...

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...