Saturday, July 11, 2015

STEP 2 :-

       second step of your analysis.
  1. Identify the trend in the trading timeframe, ie. Up/Down/Sideways.
  2. If the trend is Up/ Down, mark the trend violation pivot.
  3. If the trend is sideways, draw range support and range resistace                                                                                                                                                                                                                   As per second step  i try to  find trend in Trading time frame (3 min.chart) . i try to find there pivots and tvp and try to numbering them , please check it its right or wrong , if anything want to change please correct it .   
     BANKNIFTY 3 MIN. CHART
    CRUDE OIL 3 MIN. CHART

                                                                               In above crude oil chart Sideways movement in square is correct ? , i am not confident about it .                                                                   If it correct then where to draw S/R zone ? ...i will draw support zone @ pivot 7 but what about resistance zone ?? .can its valid @ pivot 8                                                                         OR at pivot6.                                                                                                                                    i am not confident what i draw on above chart , i think anyone inspection it , and tell me its right or wrong ...OR show my mistakes . thank you                                                                                                                                                                       In above three chart i am consufe about where i mark sidewayvs market. ..is any chance in above three chart of sideways market . ?? please senior tell me 

No comments:

Post a Comment