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I would be daily uploading EOD chart of Bank Nifty for Indian Traders to study the possible entries for the day. You can also upload your own Bank Nifty / Nifty EOD chart in the same
Thank You
Post 1
Hello Rishi,
Are you from India?
Dear Traders,
Kindly advice/provide your inputs.
Kind regards,
Amol
30-Dec-2024 Nifty 5 min TF: Exploring Trading Opportunities
Thanks Darpan! This is really very helpful!
Cheers!
Amol
Thanks Darpan for detailed and insightful chart!
You have added comment in blue - "Bears in control for unusually long time time in TR. This indicates selling pressure." I am assuming we are considering this bear leg in TR as "unusually long time" because we had 06 bear bar micro channel for around 30 mins with body gaps. Please confirm if my understanding is correct and if there any other ways to make this assessment.
Thanks in advance!
Cheers!
Amol
Thanks Darpan for detailed and insightful chart!
You have added comment in blue - "Bears in control for unusually long time time in TR. This indicates selling pressure." I am assuming we are considering this bear leg in TR as "unusually long time" because we had 06 bear bar micro channel for around 30 mins with body gaps. Please confirm if my understanding is correct and if there any other ways to make this assessment.
Thanks in advance!
Cheers!Amol
Hey Amol, bear Micro channel is also an indication of selling pressure but not here. I was referring to the bars before the Bar 57 bear BO. The leg down in TR had 6 consecutive bear bars, every bar closed below the close of prior bar, and many with close below EMA. Even though small bars, it is a sign of relentless selling, so bear BO was more likely.
Usually i look for minimum of 4 consecutive bars with close below the close of prior bar as a sign of selling pressure and possible bear breakout of TR soon
.
Nifty 06-Jan-2025
Hello everyone, Greetings. I want to know if anyone may share their EOD reviews in this thread.
Hello everyone, Greetings. I want to know if anyone may share their EOD reviews in this thread.
Yes Anubhav. Anyone trading Nifty, Bank Nifty may share their EOD analysis here.
Nifty Daily Setup for 10.01.2025
Hey,
I Loke this thread. But shouldn't the title be Nifty 50 Setups?
Thanks
