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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
Nifty 02-Jan-2025
Nifty 03-Jan-2025
Nifty Daily setup for 06.01.2025
Nifty Daily setup for 07.01.2025
Nifty 09-JAN-2025 - 5 mins set-up
My assessment of Always-in Direction (AID) for NIFTY 2025-01-16
NIFTY 2025-01-21
Nifty 22-JAN-2025
Dear Traders,
I have shared my assessment for Nifty today. I have couple of queries regarding measure trend reversal. Al mentions that this set-up has 40% probability and market may make multiple bottoms before finally reverting to bull trend. Like in image below, market tried to bottom out multiple times before reverting to bull trend around PDL.
Question - Is there any way we can assess that market has actually bottomed out now? And if we take all these trades for possible reversal what should be ideally SL or we must exit on reversal down.
Another question not related to chart - I have been doing post market analysis since month or so as Al recommends to be able to pick the PA in live market. While I am not taking trades actively, what can be next step to test our competency before going live in a full fledged manner.
Thanks and happy trading!
Cheers!
Amol
Dear Traders,
I have shared my assessment for Nifty today. I have couple of queries regarding measure trend reversal. Al mentions that this set-up has 40% probability and market may make multiple bottoms before finally reverting to bull trend. Like in image below, market tried to bottom out multiple times before reverting to bull trend around PDL.
Question - Is there any way we can assess that market has actually bottomed out now? And if we take all these trades for possible reversal what should be ideally SL or we must exit on reversal down.
Another question not related to chart - I have been doing post market analysis since month or so as Al recommends to be able to pick the PA in live market. While I am not taking trades actively, what can be next step to test our competency before going live in a full fledged manner.
Thanks and happy trading!
Cheers!
Amol
Stop Loss for every MTR buy trade can either be at
1) Low of the buy signal bar - since small SL, this will have low probability, less than 40%. If SL hit, reenter on Bull Bar closing on its high
2) Wide SL of Major swing Low or the Lowest Low - Previous Day Low in today's case as that was the lowest price in Yesterday's bear trend. Here the probability will be about 40%
Either of them is valid. However, one must exit if there is any reasonable sell signal or after consecutive big bear bars closing near its low making the market Always in short
Thanks for the insights Darpan!
This post by Ali is quite insightful -Another question not related to chart - I have been doing post market analysis since month or so as Al recommends to be able to pick the PA in live market. While I am not taking trades actively, what can be next step to test our competency before going live in a full fledged manner.
https://www.brookstradingcourse.com/price-action/professional-price-action-trader/
Nifty Daily Setup for 22.01.2025
NIFTY 2025-01-22
23-Jan-2025
NIFTY 2025-01-24
16 June 2022
(Click on image for clear View)
17 June 2022
(Click on image for clear View)
