Thread by @KA_charts

#nifty
another island reversal after 24th feb
if we don't fill this gap in this week.... we should see new lower levels(obviously all or any analysis can fail but going forward we have 9550 as massive resitance)
and we will act as per this.
9550 resistance so we will keep it

sl and we will keep selling options of 9550 in bounce.
on lower side - we closed today at trend line support or a rising wedge tl support.
explained in past about rising wedge in past.
in.tradingview.com/chart/NIFTY/X4…

one most imp point I will say -
island reversal is best when it forms in the weekly time frame or when it happens on 1st day of the week. they have high probability of success ratio.
hourly minutes charts are useless in my view when u focussing on Island reversal

why?
coz u r talking about trend reversal and trends are not seen on hourly minutes chart.
will post 2 3 best charts which I have traded in past.
#islandreversal
#technicalanalysis
#kacharts

this is 2015 nifty chart, i traded this ISLAND reversal pattern.
If you will observe - how market came to deceive u, confuse u and most imp to shake weak sellers, but pattern didnt failed - it took trendline as resistance and fell badly.

this is the most recent island reversal which I traded and the whole world saw how it worked.
i remember i did a webinar early morning at 4 am just to suggest a big fall can come but never in dream thought this.
however island reversal means complete reversal.
lets see whether

this time we see complete reversal or failure.

#dji #islandreversal #bullish
this is bullish island reversal -- which i saw the day it formed and see how price took a u-turn.
just for educational purpose.

This week is very very crucial if 9550 doesn't break on upside then serious damage i m expecting.
A pe of 16 is least what I m expecting.