Bank Nifty - in Super Bullish Zone on Weekly time frame
BN is super bullish, positional as long as it is above Dotted Red Trendline.
Some trend might emerge after close of 12:15 pm candle, for momentum trading.
Watch out for crossover at 12:15 candle close.
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Focus on how price behaves at red dotted trendline.
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BN is bullish as long it is above Red dotted trendline.
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Perfectly played out. Good going
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booked
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Holding position on an expiry day is crime. Keep booking profits. The best trade on long side was at red dotted trendline. Always exit at candle close or at least offload part position
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No trades for 10 mins, till 1 hr candle close
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Shorts on 1 hr can be seen. Be careful now. I will trade only momentum. Wait and watch
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No bearish trade until price above red dotted lines. Wait and watch
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Be careful with BN exactly after 3 mins from now
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The effect of shorts on 1 hr as mentioned above. Please note these are intraday expiry moves, and have to book profits on time
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We are nearing 12:15 pm. May be small long strangle trade ...though not recommended without risk management. 100 pts OTM
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After 12:15 pm
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Perfect price action. We may see trend and..lets watch
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Enjoy
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They have broken the red dotted trendline twice on 15 mins. Lets see
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All out war between bulls and bears at red dotted trendline. This weekly trendline. Lets see who is taking control
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Can we see 41300 in next 15 min candle? Over ambitious. Next candle is crucial on 15 mins. Bulls are trying hard to defend their lost territory
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Booked profit in strangle
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Bulls have lost the battle on shorter time frame
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Bulls will make a come back
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Be careful at lows
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strong under current...just be careful on bearish side...
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let the fall complete. Once the up move starts it will be spontaneous
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Lets see at support : Light blue trendline is nearing now. It is support. I dont see more fall. I may be wrong.
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Ye the bulls are back
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No more PE buy for me for the day..bye bye bears
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i may be completely wrong...closing for the day
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They broke the support, light blue trendline. No retest,
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The trendlines have worked perfectly positionally. Load the chart bars