Dear all,
today the session is as i predicted yesterday
But a good thing in the market is today the NIFTY AND BANKNIFTY the first one hour candle is green.
Therefore today we should not go for a short, being the budget day some volatility was there showin some false entries. Thanks for the consolidation theory which helped not to fall in the budget day trap.
How ever we waited for a buy entry. the third one hour candle is a GREEN CANDLE but the fourth candle has not breached the third candle therefore our entry got avoided.
The market got a blood bath even then we waited for the buy entry. It happens after the firth one hour candle. The fifth one hour candle was long bullish candle and as per theory the next candle should breach that bullish candle and it happens and our target is the third consolidation line ((17611) which got achieved
Happy trading
M.Ramesh
today the session is as i predicted yesterday
But a good thing in the market is today the NIFTY AND BANKNIFTY the first one hour candle is green.
Therefore today we should not go for a short, being the budget day some volatility was there showin some false entries. Thanks for the consolidation theory which helped not to fall in the budget day trap.
How ever we waited for a buy entry. the third one hour candle is a GREEN CANDLE but the fourth candle has not breached the third candle therefore our entry got avoided.
The market got a blood bath even then we waited for the buy entry. It happens after the firth one hour candle. The fifth one hour candle was long bullish candle and as per theory the next candle should breach that bullish candle and it happens and our target is the third consolidation line ((17611) which got achieved
Happy trading
M.Ramesh