DojiStar

9 de set. de 2021

#Nifty notices #DojiStar candle stick pattern on weekly scale. Few important things to note:

🔴 RSIStairs weekly = 77, Daily = 82, Monthly = 78.45 (Overbought)
🔴 DojiStar candlestick pattern noticed on weekly timeframe chart
🔴 Trading far away from 50/200 DEMA. Mean reversion more likely
🔴 Momentum indicators indicate overbought market. ADX = 37

🟢 Trading above all major moving averages. Haven't broken any swing low
🟢 Trading above SuperTrend and Donchian channel basis. No wekaness

TradePlan: If any weekly closing seen below the DojiStar candle low i.e. 17276, then fresh #Shorts can be created with protection with a SL above nearest swing high.

9 de set. de 2021

Nota

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

5 de out. de 2021

Ordem cancelada

#Nifty never closed below 17276 so view negated.