Daily charts
- trend is down on daily charts
- NIFTY closes flat at 10427
- formation of higher high higher lows is intact
- AD was positive at 2:1
- option writing support 10000 resistance 10500
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFXUKL8sj46mqAO3FPqWAtwPKbUhKLrUP6UBoTIZu6CALAUFadreZ9JF_0lUYO76zv4gODcEe43xuIaO6rPYEZ_PjgkHKhfvVlVwUpmmpnDl-HFOTykhSd8twPThY9OfIZRcqoRkPzFrw/s640/a.png)
5 min charts
- traded long on range breakout
- exited in circled area
- took short trade on breakdown (after bar completion)
- immediately covered in next 8-10 min as there was buying around 10400 levels
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRdbQGnFLbKD6Sp5TfjCgzOQgPY9k-mSsrB0hgfECsHj_l50f38kf6oBeO3oYEo_bADui2GeEIbNpBJBjb_cdF7iKVjlknm4iDun3Jf6ffLWz6RH_MP9fNw0pBbXiJQWddqCh2OXUCPLQ/s640/a.png)
15 min charts
- trend reversal on 15 min charts
- a big bar in opposite direction usually leads to trend reversal
- SL 10500 F
- if 10380 F does not break tomorrow, then I will consider this as a false signal
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnY7vpyyA2MWGn9tnMEkgPCg9DR9fOSNdEfbqXCuxij6cNmKh3ikNCt30rV8yDSiWjiWoTtOGrFDcXFEULjYi1hlW7O8RQIFnv1DX-0AXlquJX0dzvczm53-tXopKD_rTincrJSGId8-Y/s640/a.png)
Same chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtOJjKxPQxdSkchmcCwW7wshCbMe0xIDy1jOirtJFhF47QYHmeJnqQr862V2jXy25f-5wNnnpxJlUXchar9J0XR8mZY4KOPsWNhSVCkRABJCvQuJamLd71SBqw0FiFdQsftSB0retXeWQ/s640/a.png)
- trend is down on daily charts
- NIFTY closes flat at 10427
- formation of higher high higher lows is intact
- AD was positive at 2:1
- option writing support 10000 resistance 10500
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFXUKL8sj46mqAO3FPqWAtwPKbUhKLrUP6UBoTIZu6CALAUFadreZ9JF_0lUYO76zv4gODcEe43xuIaO6rPYEZ_PjgkHKhfvVlVwUpmmpnDl-HFOTykhSd8twPThY9OfIZRcqoRkPzFrw/s640/a.png)
5 min charts
- traded long on range breakout
- exited in circled area
- took short trade on breakdown (after bar completion)
- immediately covered in next 8-10 min as there was buying around 10400 levels
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRdbQGnFLbKD6Sp5TfjCgzOQgPY9k-mSsrB0hgfECsHj_l50f38kf6oBeO3oYEo_bADui2GeEIbNpBJBjb_cdF7iKVjlknm4iDun3Jf6ffLWz6RH_MP9fNw0pBbXiJQWddqCh2OXUCPLQ/s640/a.png)
15 min charts
- trend reversal on 15 min charts
- a big bar in opposite direction usually leads to trend reversal
- SL 10500 F
- if 10380 F does not break tomorrow, then I will consider this as a false signal
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjnY7vpyyA2MWGn9tnMEkgPCg9DR9fOSNdEfbqXCuxij6cNmKh3ikNCt30rV8yDSiWjiWoTtOGrFDcXFEULjYi1hlW7O8RQIFnv1DX-0AXlquJX0dzvczm53-tXopKD_rTincrJSGId8-Y/s640/a.png)
Same chart with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtOJjKxPQxdSkchmcCwW7wshCbMe0xIDy1jOirtJFhF47QYHmeJnqQr862V2jXy25f-5wNnnpxJlUXchar9J0XR8mZY4KOPsWNhSVCkRABJCvQuJamLd71SBqw0FiFdQsftSB0retXeWQ/s640/a.png)
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