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As promised earlier, here I am starting thread on prediction of market direction by using simple TA.
Direction can be predicted with few minutes.
Terminologies used are -
PDR - previous day Range
PDH - Previous day High
PDL- Previous day Low
1/n
Direction can be predicted with few minutes.
Terminologies used are -
PDR - previous day Range
PDH - Previous day High
PDL- Previous day Low
1/n
Nifty ( Market) Direction prediction by using technical Analysis -
1. If Nifty opened within previous days range & 1st 15 min candle breakout on upside then go for Bullish to Sideways View.
2/n
1. If Nifty opened within previous days range & 1st 15 min candle breakout on upside then go for Bullish to Sideways View.
2/n
2. If Nifty opened within previous days range & 1st 15 min candle breakout on Downside then go for Bearish to Sideways View.
3. If Nifty opened Above previous days range & 1st 15 min candle breakout on upside then go for Bullish View.
3/n
3. If Nifty opened Above previous days range & 1st 15 min candle breakout on upside then go for Bullish View.
3/n
4. If Nifty opened Above previous days range & 1st 15 min candle breakout on downside then go for Bearish to Sideways View. Change view if Nifty again reverse back from PDH and going above 1st 15 min candle.
4/n
4/n
5. If Nifty opened below previous days range & 1st 15 min candle breakout on Downside then go for Bearish View.
5/n
5/n
6. If Nifty opened below previous days range & 1st 15 min candle breakout on upside then go for Bullish to Sideways View. Change view if Nifty reversed from PDL and going below 1st 15 min candle.
Thank you. If you useful Thanks me Later.
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Thank you. If you useful Thanks me Later.
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