Nifty Entry ,Exit ,Target levels with Median Line Charts

Status
Not open for further replies.
timepass

timepass

Moderator
#871
#871
K

Kavima

Well-Known Member
#879
#879
thanibee said:
Kavima,

What is the best method to identify the fall like yesterday and take intraday position?
Click to expand...
The Median lines are drawn to identify the support and resistance zones.In this chart the red ML set has given a roadmap where the price has bounced off the resistances and supports. With this method,without combining indicators ,only price bar action,patterns can give us clues to the direction.yesterday's open was a red WRB at the minor green ML and consolidation hovering near 61.8 % R of the previous small swing.5080 zone was near the LMLH and was identified as a breakdown point and was the level where it gave away.But the fall was so swift,would have been difficult to enter the breakdown,unless somebody jumped in seeing the fall below the previous low.For Breakdowns / Breakouts ,would prefer a retracement to enter a fresh position.
 
Status
Not open for further replies.
Thread starter Similar threads Forum Replies Date
S EOD data for Nifty 50 with volume Introductions 0
V Entry & Exit points for NiftyBEES - should I plot the NiftyBEES data or the Nifty Index data Technical Analysis 1
R Positional Nifty : Entry is mine, suggest EXIT Trading Diary 2
healthraj RAJ NIFTY Trading - Entry Exit based on Daily, Higer and Lower timeframe Trading Diary 217
K Nifty Entry ,Exit ,Target levels with Median Line Charts Part 2 Futures 181

Similar threads