Mid-Cap Expiry 30 Sep 24 Bullish Reversal
Intraday Chart for MidCap-Select Nifty has been prepared from larger Time Frame (Daily)>15min using Fibonacci Trend Based Extension; Fib has been drwan on hourly time frame. EMA20-100 is also used but hidden to declutter and make chart simlple. RSI also mirrors the Fib Ext Tool. Few points to note:-
a) Black Horizontal line represent scalping opportunity shown as PE>...
b) S1 & S2 are critical support from which Bullish Reversal is possible shown by arrow path (independent of time, which means that it will happen but not necesssarily in the same time frame as depicted)
Monday Blues:-
i) Global Market will be closed except China.
ii) No Fundamental trigger.
iii) Laws of Newton don't apply here.
BUT. Intraday, holds a Promising Bullish Reversal. Worth waiting than Scalping.
Scenario
GapUp & Gap Down-Wait till market stabilizes
Flat/Neutral- Wait for Second Candle starts forming
a) Black Horizontal line represent scalping opportunity shown as PE>...
b) S1 & S2 are critical support from which Bullish Reversal is possible shown by arrow path (independent of time, which means that it will happen but not necesssarily in the same time frame as depicted)
Monday Blues:-
i) Global Market will be closed except China.
ii) No Fundamental trigger.
iii) Laws of Newton don't apply here.
BUT. Intraday, holds a Promising Bullish Reversal. Worth waiting than Scalping.
Scenario
GapUp & Gap Down-Wait till market stabilizes
Flat/Neutral- Wait for Second Candle starts forming
Nota
Hola Traders, I made 500% in 50 minutes of Trading on Bullish Reversal. Now wait for 2 hrs. You'll hit Gold mine again. Jai Hind Vande Matram
Penafian
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