HOW NIFTY WILL BEHAVE IN NEXT WEEK SEE COMPLETE ANALYSYS

25 avr. 2020

LAST WEEK I SHARED THE SAME SETUP OF DAILY CHART , PRICE IS HOVERING IN YELLOW CIRCLE.ONE WHITE COLOR SUPPRT LINE IS INTACT. A UPWARD SLOPING CHANNEL IN GRREN COLOR IS INTACT. TILL PRICE REMAIN IN THIS CHANNEL NIFTY IS SUPPOSED TO MOVE UP SIDE. IN ANY CASE I F GREEN CHANNEL IS BREACHED THEN LONG POSITIONS FOR THIME BEING SHULD BE SURRENDERED. ON THE CONTARY ONE SHOULD WAIT OR PRICE TO COME NEAR WHITE SUPPORT LINE TO FIND BUYING SETUP. ONLY THEN RE-ENTER IN LONG. IN ANY CASE WHITE SUPPORT IS BREACHED THEN DOWN SENTIMENTS WILL FLOW . ONE HAS TO FIND ENTRY IN DOWN SIDE. SINCE CANDLES IN YELLOW CIRCLE ARE IN CORRECTIVE STRUCTURE SO CAN POSSIBLE MARKET TEST GREEN CHANNEL LINE THEN START MOMENTIUM IN UP SIDE. NEXT WEEK SHOULD BE BULLISH . FIRST TARGET IS LOWER END OF WHITE RESISTANCE ZONE.
THE CANDLE MADE ON FRIDAY ,IF THE HIGHT OF THIS CANDLT IS BHREACHED THEN LONG SHOULD BE TAKEN. WITH THE SL OF MONDAY LOW. FOR SHORT ENTRY THE LOW PREVIOUS CANDLE IS BREACHED AND RED SUPPORT IS ALSO BREACHED THEN HIGH OF MONDAY CANDLE WILL BE SL TO WXECUTE SHOETS. IN MY POST I DISCUSS ALL ENTRIES WITH SPECIIC CONDITIONS THAT SHOULD BE STRICTLY FOLLWED . TRADING IS A GAME OF PROBABILITY . MARKET HAS POTENTIAL TO CHANGE ITS SENTIMENTS ANY TIME. IT IS THE GAME OF DIRECTION PLUS TIMING. REST MARKET WILL DECIDE.