MidZone
Diupdate
🔴 Lack of follow up & profit booking forced #Nifty closed low.
🔴 #Nifty closed near the bottom of rising regression channel.
🔴 In 75M TF it notices a bear flag. Confirmation below 17575.
🔵 Will think of buying if it closes above 17645 with volume.
🟠 17491 is 20 WEMA support. 50 WEMA is placed near 16348.
🔴 Short term moving averages trading below mid/long terms
🔴 RSIStairs trend is still -ve. Looks like RSIStairs 55 is resistance
🔴 Will initiate fresh shorts below 17435.25 with SL=17805 DCB
🔴 #Nifty 75M/195M/1D RST-SAR system generated sell signal.
🔴 #Nifty closed near the bottom of rising regression channel.
🔴 In 75M TF it notices a bear flag. Confirmation below 17575.
🔵 Will think of buying if it closes above 17645 with volume.
🟠 17491 is 20 WEMA support. 50 WEMA is placed near 16348.
🔴 Short term moving averages trading below mid/long terms
🔴 RSIStairs trend is still -ve. Looks like RSIStairs 55 is resistance
🔴 Will initiate fresh shorts below 17435.25 with SL=17805 DCB
🔴 #Nifty 75M/195M/1D RST-SAR system generated sell signal.
Catatan
Standard 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/followers 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 us e 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).
🟠🟠🟠 Important Points To Remember: While trading never risk more than 1% capital per trade. While trading FnO always trade using risk defined strategies. NSE derivatives are leveraged 6-8x that means 12-15% move against you can wipe out your whole capital if the risk/money management is not proper. And stocks can easily move 10-12% due to some news. Before entering any trade see if the R:R is favorable or not.
Catatan
.🟢Below 17495 it fell nearly 450 points and made a low of 17043.
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