YESTERDAY TITLE JUSTIFED TODAYS MOVE SEE YOURSELF IN NIFTY!!

COMPARINING MY FRIDAY'S STATEMENTS WITH REAL MOVE IN NIFTY TODAY.
1. In my last post I gave title " will nifty continue its rally or ready to move in correction." you can see today move in 1 hr chart shows the range bound movement. First sign of correction symptom. If price validates my conditions that I will discuss later. In trading plan point no.2 is quoting for your consideration " if price consolidate near (both sides) of this zone for sometimes then chances to break down will increase." You can see price moved both side of this zone by whole day . Now one thing is to understand in this sort of price action. See condition no 1 which says that If price is taken out in 15 min time frame . yes the price was taken out in 15 min timeframe. some traders will think that condition no.1 is going to be satisfied . But one has to understand though 15 min is satisfied in initial 1 hr so what will happen aggressive traders will open long position with sl of First 15 min candle low. You can see in that time frame the low was not breached as you know breached means price closed below first 15 min candle . That candle was crossed but closed above the low of candle till 2.30 pm . Now why price did not move up after 1 hr candle . The price taken out condition in first candle of 1 hr is not satisfied . There fore , intelligent trader would not open long . Only aggressive opened it. Same case was today with BNF but different result1 hr candle in that case was taken out on 4th or 5th candle therefore priced move up . So this taken out condition you have to see with 1 hr time frame. I discussed it on Friday bnf post also but some of you would not be able to understand it . Hope this time the concept will be cleared.
2. See first hrs high was not taken out that I showed by pink dotted line. When second attempt was tried to take it out and got failed that was the signal to close aggressive longs. Even positional longs too . As this attempt is in Blue zone lower band. That shows weakness.
3. Many trades are writing in comment box about their good and bad trades with their experience this really motivates new traders. Helping each other is the key to success in stock market rather then being selfish to earn yourself only.
Trading Plan for next day.
1. I circled a variation of shooting star in white on blue zone that is not activated till yet but on other side price did not breach the upper end of this candle. And last hr candle closed below the low of previous bull candle. This is right time to take price down if there is no gap up opening.
2. If Red line is taken out on 5 min time frame with yellow trend line break is a signal of sooner or later price will move in consolidation giving both side moves in range, white blue zone is area where price can take support to make lower range of consolidation .
3. If price takes out blue and white zone in 15 min then chances of breaking white trendline will increase. If taken out this line also in 15 min time frame then sentiments will change to bearish.
4. On the contrary if price takes out pink dotted line upside in 15 min time frame then upper end of zone will be the target.
Follow conditions you will be rewarded either by covering wrong side trade or by going in wrong direction. Rest market will decide.
YOGESH VATS
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