Momentum and near -
term daily trend are still up, so we could see more upside movement if price can get ignited here.
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Free daily trend analysis for Nifty & Bank Nifty spot with levels for intraday trading and stoploss levels in an easy to understand format.
Now, a day or two has gone by, still no good price action setups have formed, then you notice as the New York session closes out there is a very nice fakey setup that has formed with the
dominant daily trend, you enter your trading parameters and let the trade take its course.
But if that is not the case, just remember that a weekly trend is more powerful than
a daily trend, while a monthly chart holds more sway than a weekly trend.
I would love to receive feedback from you all just letting me know what you think of
the daily trends and if you like them or not as well as if there is something in particular you are looking for.
The retracement on
the Daily trend are false breakout to build a stronger buying momentum.
Trading with the dominant
daily trend is the primary technique I use to trade the markets.
Fakey works best when it is traded in the direction of
the daily trend.
Radiation and convection, which drive the temperature structure in the tropics, act in a very short time scale so that vertical temperatures in the tropics should relax to moist - adiabatic in that same short time scale (This would be a problem if we were trying to look at hourly or
daily trends).
Any problems will show up more in short - term patterns such as seasonal, monthly and
daily trends.