#Nifty #fibbonnaci #trendanalysis

Watch the levels 📈14420-14430 for tomorrow as the index might gap amid the global cues . The rally might extend towards 14800 on weekly basis if the above levels are breached on daily closings.

Support - 📉14200-14175 for the current up trend.

#nifty #trendanalysis

●Nifty tested the 14620 levels and a profit booking till 14560 was witnessed subsequently.

●Now since past 15 min closing we see that further selling pressure is not escalated, so wait for the todays high to break for fresh long positions.

●Also look for the all time high (14660*) for the next wave.

●The build up for intraday is good according to price action. We maintain buying on dips if we see a selling pressure.

●The supports are 14560 -14460.

#trading setups
#trendanalysis
Rectify your trading signals with these simple analysis.

》Always look the broader picture like in the sense, considering all different time frame trader's prespective and their demand supply zones.
📊 look for the multiple time frame analysis.*

📊 How to use price action setup with INDICATORS?

👆 Follow the above setup that might be useful for a legitimate entry for short term trading.
1. Draw the trend line with most obvious touches and most number of candles.

2. Find the support- resistance levels.(area of value).

3.Determine the trend direction and its strength.

4. See at the support- resistance levels is there a buying or selling pressure. (Candlesticks patterns.)

5.Confirm and predict with any legitimate indicator that you use for your trading frequency. (For short term traders- stochastic oscillator.)

📈 Accordingly enter the trade buy or short with risk management.

👆 Above is an example for a SHORT TRADE SETUP.

#tradingstrategy #trendanalysis #Stochastic #priceaction

#Priceactiontrading
#TRENDANALYSIS

▪︎Important concepts of price action trading.
SUPPORT | RESISTANCE | TRENDLINE | CANDLESTICK PATTERNS | CHART PATTERNS

▪︎After analysing the trend one should apply the above price action principles and decide the buying/selling pressure at key levels by volume participation or candlestick formations.

▪︎The above setup should be used to confirm with confluence to the indicators and generate obvious trading signals.

👆SIMPLE STEPS FOR ANALYSING A TREND.

CONFORMATIONS OF A TRADE YOU CAN TAKE.

#priceaction
#trendanalysis

How to use Trendlines?
#trendanalysis
#trendreversal