🔍
Best Trading Setup || Learn Technical Analysis Secrets || Anish Singh Thakur || Booming Bulls - YouTube
Channel: Booming Bulls
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Hello Everyone
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My name is Anish Singh Thakur
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And welcome to a very special
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Technical analysis video
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I have been longing for many days
To explain to people about
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What exactly is a five-star trading setup?
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It is nothing as such
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Like This is what is called a five-star trading setup
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But there are a few qualities in a trade
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Like there are 8
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I have 7-8 things checklist
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I will share it later in this video itself.
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Out of these 7-8 points,
If you get 5 points
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I call it a five-star trading setup.
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It’s a high conviction trade
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You can get a very good trade from this.
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So, absolutely
I mean then you people will say
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Then why sharing a thing that's about to happen
Well, I am doing it, man...
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Look I am sharing a thing to be because
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It will happen again
This is happening
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When you were not in the market
It is happening since then
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And this will happen in the market.
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So I want you to prepare yourself
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For the next time when you see the setup
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So that next time you take advantage of the same situation,
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Technical analysis is the study of
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you know
Price behavior
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on which we
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About how we have studied the price behavior
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Using the historical data.
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So using the historical data
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We are going to predict what price may do next.
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So because of this
It is a very important learning video
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You can leave it after liking
Pause it
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But watch with full attention and focus
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Don’t watch randomly
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It’s very minor things are there
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They come handy in during the live market.
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I am showing you the analysis of the expiry day
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So please go ahead and watch this
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And enjoy the video
Okay?
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Bubye
Thankyou
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Alright guys so let’s start today's video
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Which is of - what is a Five-star trading setup
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So first of all I will bring you guys to my iPad
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And then I’ll explain you
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That one-
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What all qualities a trade can have
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Look, five-star setup is nothing
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But it’s just
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a high probability trade
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What does high probability trade mean?
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The one with higher probability of winning
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And that's when we should trade.
Okay?
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So Let me tell you
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What are the things that you should take care of?
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Like what is the trend?
Right?
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How is your market structure behaving?
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Right?
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Price action in market structure-
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What?
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Means what stage we reached in Price Action?
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Wave number 1 going one, 2 going on, 3 going on
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Or if we are in sideways market
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That where are we at the top or bottom?
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For now, we are in trending market
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So we'll talk about number 1 2 3
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Alright
After this
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After price action
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Where is support resistance level?
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If we are in support or in resistance?
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After that we have to look that
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How Candlesticks pattern gives us
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a message?
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What message is the candlestick pattern giving?
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We have to look at how chart patterns
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Gives us information
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Lastly we have to look at-
Indicator should be looked in the end
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Is indicator is giving us any information?
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If some divergence is made?
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What target we should we look for
Any moving average-
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Can any moving average give us a target?
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Are you seeing
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How many things I am telling you about the five-star trading setup
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1, 2, 3, 4, 5,
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6, 7, 8,
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Now from these 8
if we get minimum 5 things
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Then I call that a five-star trading setup
I hope that makes sense.
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Now what does trend mean?
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It’s obvious that trend is up-trend
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If I take a trade of buy side
Then I get a lot of conviction
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About market structure,
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What does market structure mean?
I have explained it to you
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Market
Call it market structure
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The thing about price action and market structure is
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That how does market structure move in sideways market?
In ranging market
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So am I at the top or bottom of ranging market
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So right now in which kind of market we are?
You know we are going it like one-
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In a trending market are moving somewhat like this
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Right?
Basically
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So where are we in market structure now?
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It matters too much
Are you at the top?
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According to market structure are we at the top of any situation?
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Or at the bottom of any situation
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So we should know that.
Next thing is…
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What pattern price action is making?
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What happens in support resistance?
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Basically price action and support resistance-
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In price action
of these three things
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We call these 2 as price action basically.
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So you better understand it like
They were 7 things
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So where is support resistance?
Means you should
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If your market makes a double top like this
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Is there a resistance even before that?
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Or coming to the market makes double-bottom?
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So if in any previous type there
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We can go and check, if there was any support?
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So checked support resistance
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How the candlestick pattern is forming there?
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Is there a wick on that candlestick pattern?
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Is candlestick pattern giving a red candle inside it?
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For below
Or giving green candle for upper breakout
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So you have to look at this
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after this what to see?
Chart pattern
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Am I making a head and shoulder in chart pattern?
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Am I making an inverted head and shoulder?
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Am I making double top
Am I making a double bottom?
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Am I
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Am I creating is flag and pole?
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What type of chart pattern I am working?
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Indicator
I do not use indicator much
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Like stochastic RSI
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You use RSI and saw what is diversion?
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That price
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Our price will be on angle like this
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Or upside
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But the indicator has lost the momentum
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That’s called Bearish diversion
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For you I have created a whole video on it
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If you haven’t watched it
Watch it
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Or else price falls in bullish market
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Price show its structure downward, It shows angel downward
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And indicator shows upwards
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Which is called bullish diversions
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I hope that you know about this
That is why you are watching this video
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Otherwise, you should watch my playlist on basics first
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So what I told you
In a trade,
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after that EMA for a target
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It happens sometimes here
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Let’s say we bought a good Buy trade
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We bought a good buy trade
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Let’s say 100 moving average
Okay
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Important moving average is going somewhere here
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So we can make this target
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This could be our target
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But it’s obviously it’s depends on situations
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Just like you watched
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That our price breaks its level from somewhere
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We saw a good important moving average is here
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200 moving average
Which were going somewhere
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So we can even make that our target
After a level
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After a level we can make that our target
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So after having this much quality in trade
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Then it’s called Super setup has created
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5-star setup is formed
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Some people thought what is this?
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Come I will show you
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Similar situation in Bank NIFTY
Okay
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When it was created?
Today market was total sideways
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Which was totally expected
Okay
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09th July, which is Friday
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This is the expiry day trading
Okay
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On expiry day market opens here
On 08th July
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Okay so
I will start again
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Look at you people
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That what kind of market structure making here
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Okay
Market structure means if I will
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Market is opened here
Let’s say, Put it on replay mode
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And only we bring here to the market
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That if market has come here
Till here market has come
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So we are the top of the market structure
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First of all, we know that the trend is at up
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No problem
Trend is up
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Okay
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Second thing, where are at market structure?
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We are at the bottom of the market structure?
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Bottom or we are at top?
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We are here at the top
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Bottom
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Means at the top of the market structure
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After this
What does Price actual and support resistance level tell you?
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So see here
I can see here that
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That here we have important system support or resistance
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But if I go little back
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I want to go back a little
So
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If I want to go little far
Okay
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Do you see this that market can’t give close above this?
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Can you see?
Can you see this?
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Market cannot give close above this
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Here I draw an important line
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I colored it blue
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this behaving like resistance
So let’s color it red
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We will make it red
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Okay
We have colored it red
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So look at us
Watch now
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Here we know that there is a resistance point
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Market can’t give close above this
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So already we are in the situation
That this is a
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supply zone
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Okay from where to where?
See
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From here till there of a supply zone is already made
We know that
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That this is a zone
Okay
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Now we don’t need this line
Because we have created that range
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From going to the past
So this is a supply zone
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Where as soon as supply meets, market fall
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Now after this what do we want to see?
Support resistance
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How is the candle stick pattern behaving?
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How is the chart pattern is behaving?
Okay
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Now if I tell you chart pattern
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Do you see that this is the double top?
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Right
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What kind of double top?
The M pattern which we call
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M pattern
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But the point is the same
People M
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You don’t have to see M
You have to search for Half M
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You have to spot in such
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What does it mean to have a full M spot?
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So this is the very important learning point for you
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That always double bottom you can see
You are searching for W
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So what does it mean to spot a W like this?
Look for this type of W
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Right
If you are looking for head and shoulder?
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So like this
Inverted
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Look at this point
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That you can enter in here
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And so you at least earn this much benefit of the trade
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And take this also if it works
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So you guys understood that double top pattern is forming here
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After the formation of double top pattern
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Immediately you have to check
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That what exactly
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Went to momentum indicator
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And come here
So
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We put RSI
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After using RSI
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I am telling you
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If I connect this point to this point
Ok
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Connecting this point to this point
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And exactly same point of indicator to this point on indicator
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Do you see a heavy bearish divergence?
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But sir
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Bearish divergence fails sometimes
Yes, absolutely it does
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That’s why made this video so that my subscribers get genuine information
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And to all my team mates
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it’s a public platform I should share what I learned
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guys see
[583]
fails
see bearish divergence failed here
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can see?
If I talk about till here
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If I talk about till here
[592]
If I come from this point to this point
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So it’s forming a high
is it visible to you?
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Can you see it’s forming a high?
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A angle upwards
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And if we see angle here then
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Starting from to here
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Can you see?
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It fails
See
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I am telling you
Where are we in Market structure?
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Top or bottom?
It is
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in between
We are in between of the structure
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Can you see?
[615]
We are neither at bottom nor at top
We in between
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Bearish divergence will fail because market is bullish
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But today the bearish divergence I am showing you
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Is it at top of market structure?
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You tell us
Is it at the top?
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But See this sir
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Guys see I am going to big time frame
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Then also am I on top?
See
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I am at the top
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So when I am on top
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Then this thing will work otherwise it will not work
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Bearish divergence will fail
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If
When does it fail?
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If there is a bullish market
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But here it will not fail here because I am at top and in an important place
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Ok done
I used indicator RSI
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I told you that nice divergence is forming
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Now when should I trade
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I am able to see that day’s low has been maintained
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Confirmation will only get after shorting this
If I play this
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See
This is the point one should enter
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Here there must be an entry
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I sell the option here
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Because I was feeling that market can reverse from here
but market had given even better target
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So not a huge profit
[679]
But get enough profit
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That’s why I came to share it
That Now
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Now sir it has went why are you telling now
Why don’t you tell earlier?
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Because nothing sure
Everyone has their own way
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But if now this setup in front of you after two weeks
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Maybe on double bottom
Will you be able to handle this?
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Definitely you can
[694]
If it forms again after one month on double top
After 2 month
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Or 6 month
Whoever is watching video will it be of any use to him
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Yes, it will be very useful
Now see
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we have decided our entry
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See it has break the day’s low and I entered
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It comes after taking rejection from supply zone
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There is divergence
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My way was
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I will see market will reverse from here
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And sideways will go, It was expiry day
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And Will get premium
[717]
But what did market do?
[718]
Market breaks
And when market breaks what should be my target
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How should I know
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So always
One most important indicator is there, I am telling you
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This is a 200 moving average
[730]
So go ahead and check out this 200 moving average
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You will love this indicator
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Guys this will proved to be very useful for you
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Ok look at this indicator
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Here is the point I exited
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Ended
Did slow
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Market went below that too
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Now you will ask how to catch that
Cannot catch guys
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Don’t try to catch the bottom part
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Don’t try to catch
Don’t short here
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Short here
[754]
So what mistake we do?
You will understand
[757]
Don’t try to short at top
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Don’t do here
[760]
But do here
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Don’t short here
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Short here
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But don’t try to take the bottom
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Don’t try here
Exit here
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Your trade should be from this point to this point
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Which is also a great 300-point target
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If we check risk reward
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So it’s great here
We will short here
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Will put Simple stop loss on top of this range over this wick
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And target will set her
It’s a great 1:3 trade
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It’s more than 1:3 trade
Basically
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it’s 1:3.13
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So this is great super setup
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Trade
Like 5-star trade setup
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And I wanted to make this video from a long time
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Some opportunity like this came
On which I can trade
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On which I can show you multiple confirmation
[804]
Where did we get candle stick confirmation?
[806]
This is the candle stick confirmation
[808]
If you ask
This candle breaks here this range
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So we get candle stick confirmation from this range
[813]
Chart pattern is also forming
[814]
Divergence is also there
[816]
This is also providing us the target
[818]
It is also at market structure’s top
[820]
And support resistance
[821]
But only going against trend
which is Long term trend
[823]
And it okay
[824]
If 4 out of 7 or 8
[826]
If 6 points are with us
[828]
So it’s okay no problem
[829]
And it’s not like that we are shorting permanently for life time
[831]
We are taking a small target of 300-400 points
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And that much I know
If market wants to break its all-time high
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Then double top
Like this
[837]
Like this it will break
[838]
Now market
Like this market will break this
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Ok
So I hope guys
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this video helps you
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to understand the market first
[845]
Now as you understand the market
[847]
So when next time it’s in front of you
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You will get an edge
[852]
You will get an idea of setup
Ok
[855]
That divergence is not everything
[857]
Or all this is not everything
[860]
Chart pattern is not everything
[862]
When everything works together
[865]
then you get help in market
[867]
And obviously after this much fall
[869]
Obviously the fall
Definitely here
[872]
After this candle it was obvious that market is about to move sideways
[876]
Because in this candle is so much bearish that it will not be able to break it
[879]
So it went into range
[880]
It is preparing itself
[882]
For a big move
[882]
So it a range
Now you guys can see
[885]
See guys
I will make market analysis video for you people
[888]
So I am explaining to you nicely
[890]
That this range in front of us
Can you see how is the range?
[893]
Wont able to break this
Then fall comes
[895]
So the great move came
[897]
And again take support here on the day of Expiry
And still it’s in this range
[900]
This is no trading zone for us
[902]
This much
[903]
This much is no trading zone for us
[904]
And after this trading zone will form in Nifty Bank
[908]
Ok guys
[909]
I hope this video added some value in your life
[912]
and you enjoyed this video
[913]
If enjoyed so, please share this video with
[915]
all the people who are really interested in learning trading
[919]
Like not making money by short cut
[921]
But by long term procedure
Easily
[923]
So like this setup will come and you will trade like this
And earn money
[926]
Doing it daily in rush
[927]
Think daily to do price action
Price Action
[929]
Not happens
It’s is not easy
[930]
Even price action trading is not easy
[932]
Don’t delude yourself
See
[934]
Only by saying price action will work
[936]
No it doesn’t work
[937]
You need multiple confirmation
[939]
Ok
I hope you understood
[941]
And at last while going
[943]
Once more sharing this with you
[945]
Take screenshot for your future reference
[948]
So you see this points
[950]
see this points once
[952]
Ok guys thank you so much
[954]
If like this video share it
[956]
If I got to see more likes
[957]
Maybe then I will continue making this type of videos for you
[960]
That the audience like this type of video
[962]
That you like it
[963]
Tell any good setup
[964]
This was a very great trading setup
[967]
Thank you so much guys
[968]
See you soon in the next video
[970]
Alright
I hope you guys enjoyed watching this video
[973]
That there can be this many technical reasons on any Trading setup
[977]
That we never thought of
I hope you enjoyed
[979]
If enjoyed, then please like the video, share this with your friend
[982]
And subscribe the channel if you are new
[983]
And if you are old then click the bell notification icon
[986]
Finally, you guys
I know
[988]
I told you about meditation series
[991]
It’s almost ready
[992]
Please see Anish vlog channel
[994]
You will find it, if you search Anish vlog
[996]
Go and subscribe that channel too
[997]
The meditation series is about to come
[999]
You can take benefit from that seriously
[1002]
It will be a huge life changing journey of 7 days
[1005]
so
[1006]
Episode 0 is about to come
[1008]
After episode 0 continuously 7 videos for 7 days will come
[1010]
And then 9th video will also come
[1012]
So if you want to be the part of series
[1013]
Please go and watch that also
[1015]
And I get many comments that
[1017]
they like music of this Blooming Bulls
[1019]
that BGM
[1020]
So I am going to play it after this
Full
[1022]
Whoever wants to listen can listen
[1023]
And whoever doesn’t want to can close the video
[1025]
Thank you so much guys
[1026]
And I am very happy sharing all this stuff with you
[1029]
And I am getting very good response from all of you
[1031]
Thank you so much
[1032]
I will see you soon in next video
[1034]
Bye Bye
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