Pivotal_Traders

Pivotal_Traders

A short entry can be made at the marked black line - which denotes volume profile price at which maximum volume trade has taken. A rejection at the black line will intensify the speed of fall and a better R:R can be maintained.

Pivotal_Traders

The stock seems to be having jitters of being too pricey. There has been formation of inside bar on daily and the stock is too far from moving averages thus a resistance on 20 EMA and thus a fall downward to the red line being 200 EMA would be easily achievable in coming time within 2 weeks.

Pivotal_Traders

The stock is weak and more so it has been exposed to the shock of heavy volume price level and now facing rejection at higher level. Let it cross 604.20 level then we can take the trade to ride the profit.

Pivotal_Traders

It has formed an inside bar on weekly a possible scare in the market but we can expect this target be easily made .

Pivotal_Traders

We take deduction from price action and volume to approximate the expiry range for today.

Pivotal_Traders

we try to deduce banknifty's today's expiry range based on price action and volumes. Three possibilities shows different type of opening- Gap up, Gap Down and Flat open

Pivotal_Traders

Theres no denying to the level of sell off and thus looking forward to these resistance levels.

Pivotal_Traders

We try to re assess the levels for expiry day for today in banknifty . All the best.

Pivotal_Traders

We set the expiry day range for the upcoming expiry day. Blue line denotes Price trading throughout the day below the previous day vwap close. Indicating strong bearish trend. Total Days below PD-VWAP= 5 Days

Pivotal_Traders

There is always something about some price and Thats why the prices tend to narrate their story- a story where each price differentiates from the previous one. The same was about the strong reaction on 10th Feb in last few minutes. Banknifty recovered 500 points to close above the support point which has been tested multiple time. Based on the fact we deduce three...

Pivotal_Traders

it was a bad last two weeks preceding the last one for the stock , but a strong price action should take place since high significance at this level in the past was witnessed.

Pivotal_Traders

We place a modest target of black line as first and The red line as second target point.

Pivotal_Traders

We can expect a decent correction in NIFTY and thus a sync in Banknifty is very likely. Marked are the target for the coming week.

Pivotal_Traders

We can expect a minor correction with larger trend being positive. However the Pin bar candle formed on daily timeframe can suggest that if correction takes it will be swift.

Pivotal_Traders

it seems that an easy target is in place . However if it breaks the level and attempts to stay near the black line for 2 hours then a further correction is possible

Pivotal_Traders

We can witness to take profit at the marked levels

Pivotal_Traders

Silver is poised to take the lead now while forming W pattern and taking support at high volume traded price zone

Pivotal_Traders

The BN is expected to take support at lower Black line however on the upside if it breaks the marked line with DICISIVE BULL candle on 5M and tries to take support then we can see a spiral up TRENDING move.