Don't trade based on this.
Sharing only for learning purpose.
100 points up from there.
Small scalping done ✅
I was not sure whether v r moving up after last kiss of trendline, still took a small intraday scalp trade because 1. risk was very low with favorable rr. 2. Sharp fall must have shaken out most of the weak hands.
No rocket science.
#Banknifty
Bottom fishing 🎣 for intraday players 😅
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1. If I spot d BREAKOUT just before it happens then I may enter at once.
2. If I find BREAKOUT candle too large then I enter in tranches.
30% on BREAKOUT
30% on retesting
30% near SL
To reduce my cost of buying.
2/n..
If I find a stock which has already moved up significantly or on UC 🚀 then I wait for entry at retesting or even if I enter, I exit quickly
Recent example
Balpharma &
20 micron exited intraday.
As I had entered at opening based on my previous day study
3/n..
Weekly analysis Short video posted.
(Link at bottom).
Recorded on mobile without cuts n editing (time constraints), so please ignore if there r some errors.
Don't trade based on this.
Sharing only for learning purpose.
#banknifty keep these possibilities also in mind.
It's leading diagonal formation in 4th corrective wave.
Or one can call it a rising wedge pattern also.
5th wave may touch uptrend line & then fall.