Daily charts:
- trend is down on daily charts
- today nifty closed 0.5% in negative at 10981
- AD was 5:4... good sign
- stocks at 52 week high/ low indicates no alarm
- possible inverted H&S seen with neckline around 11200
- confirmation will be crossover above 11200
- till then it has no meaning
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2raSSC39EKYw0DbnDWxD4ue_JGwCDzStuvhvTBn-T5diuRObfc3EasjWTlmS_7dCtZb9XTDMCzY1MGWS8Logv4YD0o1yA5cSB61BoMPNDenw7aL5YE3URa89abjwPZIhM3dftW1mRjFcu/s640/a.png)
3 min charts:
- I did not trade today due to some work
- here are 3 possible trades with the reasoning
- first short trade... failure to sustain above prev day's high (11085 F)
- second trade... failure of uptrend to continue
- third short trade... prev day low becoming resistance (11025 F)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrYsDH8dPB6jcw6Ebx7aN8fmIsn1K5iJOoCc9-BOEvxd5dtI6xiAer5NxRWbU48w0QvVnKASWRgxV9SgOnzNNmYx3gPDqVC0C4AGTLMSqU-XLmdzmt3sW1hODvKhNyf2imKshoE2gyNkZO/s640/a.png)
with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3unnXGWPM1h8cr2rKNPh_toGxUAF2njTyMGkCblXFnKK1PpaAfq917h-0NbwB8yEqwxA02g1u4fKAj2pCsZ-G79R_BqvOOPjNzBFgf-g_OGXOhCqXK1Jx2MYQLkeSlXnVSLets9kVC3qz/s640/a.png)
- trend is down on daily charts
- today nifty closed 0.5% in negative at 10981
- AD was 5:4... good sign
- stocks at 52 week high/ low indicates no alarm
- possible inverted H&S seen with neckline around 11200
- confirmation will be crossover above 11200
- till then it has no meaning
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2raSSC39EKYw0DbnDWxD4ue_JGwCDzStuvhvTBn-T5diuRObfc3EasjWTlmS_7dCtZb9XTDMCzY1MGWS8Logv4YD0o1yA5cSB61BoMPNDenw7aL5YE3URa89abjwPZIhM3dftW1mRjFcu/s640/a.png)
3 min charts:
- I did not trade today due to some work
- here are 3 possible trades with the reasoning
- first short trade... failure to sustain above prev day's high (11085 F)
- second trade... failure of uptrend to continue
- third short trade... prev day low becoming resistance (11025 F)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrYsDH8dPB6jcw6Ebx7aN8fmIsn1K5iJOoCc9-BOEvxd5dtI6xiAer5NxRWbU48w0QvVnKASWRgxV9SgOnzNNmYx3gPDqVC0C4AGTLMSqU-XLmdzmt3sW1hODvKhNyf2imKshoE2gyNkZO/s640/a.png)
with kplswing indicator
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3unnXGWPM1h8cr2rKNPh_toGxUAF2njTyMGkCblXFnKK1PpaAfq917h-0NbwB8yEqwxA02g1u4fKAj2pCsZ-G79R_BqvOOPjNzBFgf-g_OGXOhCqXK1Jx2MYQLkeSlXnVSLets9kVC3qz/s640/a.png)
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