Time Frame: 5-Minute Heikin Ashi
Strategy Type: Level-Based Breakout & Breakdown
NIFTY Spot is trading near a crucial decision zone. Tomorrow’s intraday move will depend strictly on Heikin Ashi candle close around the marked Green and Red levels.
🔼 BUY SETUP (Bullish Scenario)
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Condition:
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Price forms two consecutive green Heikin Ashi candles
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Candle closes above the GREEN resistance line on the 5-minute chart
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Trade Action:
👉 Buy NIFTY Spot above the Green Line -
View:
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Indicates bullish continuation
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Expect quick upside momentum
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Stop Loss:
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Below the green line or last 5-minute swing low
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🔽 SELL SETUP (Bearish Scenario)
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Condition:
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A 5-minute Heikin Ashi candle closes below the RED support line
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Trade Action:
👉 Short Sell NIFTY Spot -
View:
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Breakdown confirms bearish pressure
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Downside move likely
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Stop Loss:
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Above the red line or previous 5-minute high
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🔁 Vice-Versa Rule (Very Important)
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If price reclaims the Green line after breakdown, bias shifts back to BUY
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If price falls below the Red line after rejection, bias shifts back to SELL
*Disclaimer
About Money99
Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.
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