- Since Oct18,Bnifty is closing inbody of Sep18 monthly big candle.
- Feb19 monthly candle also closed inbody of Jan19 candle. Feb19 is a NR7 pattern.
- Narrowing range suggest a consolidation and big breakout in Mar19
- View is bullish if 2HR candle closes above 27350
- View is Bearish if 2HR candle closes below 27630
- Get ready for Directional and Big Move in Mar19
- Feb19 monthly candle also closed inbody of Jan19 candle. Feb19 is a NR7 pattern.
- Narrowing range suggest a consolidation and big breakout in Mar19
- View is bullish if 2HR candle closes above 27350
- View is Bearish if 2HR candle closes below 27630
- Get ready for Directional and Big Move in Mar19
Note
Correction: View is Bearish if 2HR candle closes below 26630Trade active
Hold it with SL of 26950Trade active
Yday's daily candle was a Dojithis candle has been formed at lower line of price channel which was existed since Oct18 and was broken on 12 Feb.
This lower line will act as a resistance
Doji at this resistance level tells that lower levels may come.
Today's trade:-
- Will exit the long position if Bnifty trades below 27600 for half an hour
- Will take Short trade at this point with SL of 27710
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.