Nifty Bank Index
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Measured move H&S

This is my trading journal, not a trade recommendation. Idea presented only for educational purposes for me and others who want to benefit from my experience.

Measured move over.

Slope of price is median line.

DISCLAIMER:
Trading in the stocks market or futures markets is on e of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past performance is not guarantee of future gains.
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This week will decide, if it was an retest of breakout level or is an upthrust.
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No clue yet. On a second thought..upthrusts are urgent. It is holding the gains....can be a retest of breakout. breakout of doji high can be a go for long.
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if upper parallel of downward pitchfork's breakout happens .. can go to 4th parallel of downward pitchfork and median of upward pitchfork
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upthrusts are brutal
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back in range after upthrust on weekly
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Its a test yet.
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possibility of spending some time in swap area can not be ruled out
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5 days in Swap area
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B/w ceiling and floor
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It is in downtrend on daily level, floor has shifted.
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Trade plan after compression zone
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The guiding lines
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it has become short on weekly scale
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40200 for sure?
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Range doubled today
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Short below bold white line
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Any breakout from green channel is long till hidden parallel
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Third push coming, any breakout above yellow line is long till breakout of CAP
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at reaction level
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Closing at day's high after gap up opening. Next gap up opening possible tomorrow, above magenta line
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market works in mysterious ways, downward resistance lines working as support in reaction legs and reaction lines working perfectly. idea still valid till CAP is broken.
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Engulfing candle on weekly scale
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Updated below mentioned text on 27th Feb in this idea
"Any breakout from green channel is long till hidden parallel"
This is done.
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Any breakout above magenta line is confirmation of acceleration channel (olive), otherwise it is double top.
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Double top it is, short below blue line for target till yellow line
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If green support rectangle is broken downside, next target is yellow rectangle and below.
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Taking support, may reverse from here
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Reaction level on daily
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A closer look
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As of now in oversold zone, looks like action reaction set is over and market should react from white line. if white downward inclined line is broken down, may go till red downward inclined, but for that extreme oversold level from present level need extreme bad new from world market. Otherwise in normal course of time market should react from here.
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Though price movement is oversold zone with respect to price frame 4, but for frame 1 it is just halfway. Drawn downward pitchfork. Breakout from upper parallel is sign for long, but wait for confirmation.
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Pitchfork at a lower time frame; price if gets rejected from hidden parallel, then short targets are green line with stop loss of magenta line.
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Short below cyan thick line for target up to yellow line
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Market reversed from cyan line; it never gave closing below this line, so no shorts initiated. On break of megenta line market gained momentum upside.
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for above comment
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Market constantly exhibits inertia and tends to continue to do what it has just been doing. If it is in a trend, most attempts to reverse it will fail. If it is in a trading range, most attempts to break out into a trend will fail
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There are critical points which occur in each swing, just as in the life of a business or individual. At these junctures it seems as though a feather’s weight on either side would determine the immediate trend. Anyone who can spot these points has much to win and little to lose.
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long inside blue channel
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closed long here, fresh long above red channel only. taking short position as of now, with stop loss above red channel.
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long initiated.
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Breakout of channel on 15 min time frame will lead price action in next channel.
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Channel has widened
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cap gone, target coming
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أغلقت الصفقة: تم الوصول للهدف
done
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Flag and pole breakout.
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Any closing inside magenta channel is indication of upthrust. May initiate short as per chart
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تم فتح الصفقة
short activated
أغلقت الصفقة: تم الوصول لوقف الخسارة
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Created shorts
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تم فتح الصفقة
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Redrawn the channel
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Long or short?, long only above magenta line (closing in 75 min)
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Shifting stop loss to magenta line for long position.
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sideways for few sessions
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fractal nature of bank nifty
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Can be short till 41742, if fractal has been identified correctly.
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Side ways or short; a risky short opportunity as market is in absorption zone. Any bad news during next session may open the door for 41800-700 zone. it is short below magenta line or below upper parallel of red channel. Any breach of magenta line upwards is long otherwise short below it.
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Fourth session since market gone sideways.
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toota
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Spring
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