HAVE PLOTTED TRENDLINES AND KEY LEVELS WHICH I EXPECT TO BE ALREADY IN PLACE ON THE SCREENS OF THE BIG PLAYERS AND HEDGE FUNDS. ITS'S THE CROWD THAT SHOWS UP LATE & USUALLY GETS SLAUGHTERED. ALTHOUGH MARKET UNCERTAINTY IS FAR BEYOND MY ANALYSIS. NO GUARANTEE, LOOSING IS PART OF PROFITABLE TRADING. GOOD LUCK.
POSSIBLE SHORTING OPPORTUNITY IN ICICI BANK WITH THE ABOVE STATED PATTERNS. NOTE : POSSIBLE NOT GUARANTEED* ALTHOUGH I AM ALREADY LONG IN ICICI BANK, IN CASE THE BULLS LOSSES THE BATTLE, I KNOW BY HOW MUCH IT GONNA MAKE A POSSIBILE DIP SO I AM CALM AT THE MOMENT :D
LONG NEAR LOWER TRENDLINE ONCE THERE'S A REJECTION FROM THE SAME KEEP PROFIT TARGET AT THE 50 PERIOD EMA ON THE WEEKLY CHART, MAY TRAIL FOR MAX GAINS TOO. GOOD LUCK ^^
BEARS SEEMS TO BE TRAPPED WHY NOT BENEFIT FROM THEIR STOP LOSSES GETTING LIQUIFIED? AFTERALL TRADING IS A ZERO SUM GAME, PROFIT OF ONE = LOSS OF ANOTHER. SOME FACTS - *PRICE MAKING HIGHER HIGHS ON WEEKLY AS WELL AS ON DAILY TIMEFRAME. *PRICE TAKING SUPPORT ON THE PREVIOUS RESISTANCE MULTIPLE TIMES ON DAILY CHART AFTER EVERY RECENT UPWARD BREAKOUTS.
EITHER THE PRICE WE WANT TO BUY AT OR NO TRADE AT ALL GOOD LUCK
:D Market Structure - Distribution Phase Enter where crowd have their stop loss who entered late out of fomo!
ORANGE TRENDLINE REPRESENTS THE TRENDLINE OF DAILY CHART BLUE TRENDLINE REPRESENTS THE TRENLINE OF H4 CHART KEY LEVELS MARKED FROM DAILY TO H4 LEVELS MAY TAKE POSTITIONS AS PER YOUR STYLE GOOD LUCK
NSE:BANKNIFTY HOW TO ENTER & EXIT? LONG ENTRIES ONLY FOR THIS POST! Conditions for Entry - A) WITH RESPECT TO MOVING AVERAGE - When price is trading above the 200 ema HIGH - LOW channel B) WITH RESPECT TO AREA - * Price is trading at or in the are of value * Area of value = Price between, below or at the 2 moving averages of the edler's...