Nifty Expiry day Special Analysis|Hero and Zero will be at 1:15

20 ก.ค. 2023

Good Morning Traders, i hope you all will be doing good in your trading.
Today is Nifty and BankNifty Expiry Day. So let's start.

Nifty is forming a pattern which is quite similar to bullish flag pattern but that is not a bullish Flag pattern. Yes that is not exactly a bullish flag pattern. Let me explain about this:-

There are some common misunderstandings of what constitutes a continuation flag pattern and what doesn’t.

The only difference between these often misunderstood patterns is the angle at which the flag develops. Everything else looks the same, although the difference is critical.

(Guy's i can't put that small chart here, which i created on chart, can you please just go and check that pattern on chart then come to read next)--

You’ll notice how the misunderstood ‘bull flag’ pattern formed in the direction of the trend, not against it. Although a minor difference, the significance is strong. See, these ‘flags’ are inconsistent in their outcome, though can quite often represent exhaustion of an existing trend.

Note:-In order for this pattern to be considered bullish, we need the consolidation to slope AGAINST the momentum.

Wrapping up:-

Bull and bear flags come in all sorts of sizes and shapes, but the one thing that never changes is that the angle of the flag has to oppose the current trend in order to be considered tradable. As a traders, it’s not our job to take every single trade setup, it’s our job to take the trades that put the strongest odds in our favour. We do this by being very selective and choosing only the highest probability setups to trade.

Keep this close to mind and more often than not you’ll hit the resumption of the trend by trading these quality flag patterns.

So, guy's i think this is clear now right?

Now let's back to nifty levels okay.

Nifty Important levels for today:-

Buy only above 19855, if levels sustains at least for 15 mints.
Target will be 19935 (New all time high)
Keep stop loss at 19765
Note:- If you get any bearish candlestick then sale here too, as market is highly overbought. And keep stop loss at 19935.

Sale below 19765, if levels sustains at least for 15 mints.
Targets will be in downside 19702/19634/19565
Keep Stop loss at 19855

Note:- Hero Zero Trade will be in 2nd half somewhere 1:15pm. So, we will update in afternoon according to price action, so stick with us and follow us to get notity at right time. Till then enjoy but don't overtrade and Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.

Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.

Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou.

20 ก.ค. 2023

บันทึก

Guy's time has come for hero zero trade:-

Take nifty 20th july 19950 ce at 11 now
targets wills be 22/32/55+

20 ก.ค. 2023

บันทึก

Now 23,,,our first target done,,but game is on

20 ก.ค. 2023

บันทึก

guy's now at 39 enjoy profits, start booking here. And do not forget to like and follow us.

20 ก.ค. 2023

บันทึก

Here also we have done it well. i hope everyone have made good profits.
Okay good, my analyse,,in nifty also i was very bearish in the morning. but once that upper band got breakout,,i have shifted my view. anyway our this trade also given huge returns from 11 to 43
it has done all targets in it.
thankyou guy's keep liking my post, and follow me for more updates like this. Thankyou

20 ก.ค. 2023

บันทึก