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Showing posts from December, 2023

29-12-2023 Nifty and Bank Nifty Volume Chart

Note: after correction on suppport or near green institutional candle, If green volume candle is bigger than red volume candle. Then wait if next red volume candle is very small and the price candle is not breaking the low. then next green candle is going up, then you can enter. Always see green volume candle is strong or not that day. Always trade that index, which has having big volume in recent. If green volume candle is strong, then dn't expect for big rally in downside. it can take support.  

28-12-2023 Nifty and Bank Nifty Index Chart

 

28-12-2023 Nifty and Bank Nifty Volume Chart

 

27-12-2023 Nifty and Bank Nifty Index Chart

 

27-12-2023 Nifty and Bank Nifty Volume Chart

 

26-12-2023 Nifty and Bank Nifty Volume Chart

 

22-12-2023 Nifty and Bank Nifty Index Chart

 

22-12-2023 Nifty and Bank Nifty Volume Chart

 

21-12-2023 Nifty and Banknifty Index Chart

Note: I have lost 1000 profit. It is converted into -1000 loss. I have taken trade without reason in an ongoing rally. In 1 minute, I had lost 1000 profit converted into -1000 pnl. Never enter in the ongoing rally, take trade only in a trendline breakout after a correction in a red candle. Always see big volume candles are available.  Enter only, which index has a big volume candle, If bank nifty having then entered in bank nifty.  

21-12-2023 Nifty and Banknifty Volume Chart

Note: I have lost 1000 profit. It is converted into -1000 loss. I have taken trade without reason in an ongoing rally. In 1 minute, I had lost 1000 profit converted into -1000 pnl. Never enter in the ongoing rally, take trade only in a trendline breakout after a correction in a red candle. Always see big volume candles are available.  Enter only, which index has a big volume candle, If bank nifty having then entered in bank nifty.  

20-12-2023 Nifty and Banknifty Volume Chart

Note: Near 12:00 pm, it got making and higher but did not come to green volume to support the higher high. It is converted into a flag pattern, and the big downfall in nifty because Thursday will be expiry, so fast long covering   

20-12-2023 Nifty and Banknifty Index Chart

Note: Gap up in both indexes in the morning, and showing weakness on upper level. It was showing weakness from 3 to 4 days. Today was expiry. I know that If It does not sustain Friday resistance, then It will go near Friday support. It quite works my Friday setup. Nifty fell more than Bank Nifty because tomorrow will be a nifty expiry.  If Wednesday shows a rally then Nifty will move more than Banknifty.  

19-12-2023 Nifty and Banknifty Volume Chart

 

18-12-2023 Nifty and Banknifty Volume Chart

Note: One day before the last 15-minute candle rejection, I was sure to market would go down, but the market is bullish, the market has gone sideways. I was at a loss. So never expect the market for a sure shot. follow only best indicator volume, trendline, support, and resistance. after a rally generally market goes in sideways.  

15-12-2023 Nifty and Banknifty Index Chart Friday

 

15-12-2023 Nifty and BankNifty Volume Chart

 

14-12-2023 Nifty and Banknifty Volume Chart

Note: Big Gap Up with high volume held the label. the trend was up. I was at a loss because I was finding down trade.  

13-12-2023 Nifty and Banknifty Index Chart

Note:  Enter the trade by seeing a big volume 4th candle if going upward, then the target will be yesterday's low swing. Set the target price (current premium + target point). I traded the first move in Banknifty and booked a profit. I drew this trendline that if reaches bank nifty, I will take a call, There is trendline support and 22 moving average support, but I missed it. Note: I was bullish because It is near position-building support and going in higher high formation and high volume bank nifty 09:35 candle, 11:35 Nifty candle.  Note: Nifty also came on position building support at 02:00 p.m. This is the area of profit booking. It creates a flag pattern. and after 40 minutes. It gives a flag pattern breakout. I drew the pattern but did not trade it. Profit made +4000  

13-12-2023 Nifty and Banknifty Volume Chart

Note: You can see in the picture Banknifty 09:35, and Nifty 11:35 big volume candle. This means the buyers are ready to buy, but you have to wait for a minimum of 3 candles. Then you can enter in 4th candle if the price is going up. Stoploss will be the big volume candle.