"INDY is NIFTY: Swing Trade Update"

Trade Update

  • Date Triggered: November 19th – Small pullback noted. Additional entry executed on November 22nd.
  • Trade Position: Long, with a stop-loss set below 51.
  • Entry Level: 51.75.
  • Current Status: In progress. Price has crossed above 382. However, this remains a counter-trend trade on the daily chart.

Key Levels

Resistances:

  • 54.26, 54.97, 56.00
  • 56.61 (current upper resistance)
  • A breakout above 57.30 will necessitate a review of the trade.

Supports:

  • 53.54, 52.65
  • A breakdown below 51.21 targets the zone between 49.57 and 47.45.4o

For further insights, visit: BIGfootprints
No analysis necessary.

This is for educational purposes only. Always use stop-losses when trading and fully understand the risks involved. Only trade with capital you can afford to lose, and ensure that your financial obligations and personal well-being are not at risk.

--------
📌 DISCLAIMER

The content provided in this post, including analysis, ALGOMETATRENDS Signals (and associated colors), MetaMarker values, and Tradeable BIGfootprints, is subject to change at any time without prior notice. These elements are dynamic and based on real-time price action. This information is intended for educational purposes only. Past performance is not indicative of future results.

This is not to be considered as investment advice, financial advice, or a trading signal. We strongly encourage you to make your own investment decisions. Please be aware that trading in Futures, Options, and other financial instruments carries significant risk of loss and may not be suitable for all investors. Never risk capital that you cannot afford to lose.

While ALGOMETATRENDS and BIGfootprints may be beneficial in many instances, no trading system or signal can guarantee success, and there is no “holy grail” in trading.

Conflict of Interest: We may hold or intend to acquire positions in the assets mentioned, which could present a potential conflict of interest.

Comments

Post a Comment

Popular posts from this blog

👣 ALGOMETATRENDS using BIGfootprints

Image
Institutional investors and major market participants are the true drivers of market movements. These entities are not "random" players, they operate based on highly sophisticated strategies and proprietary setups that remain confidential - closely guarded business secret. However, these institutions leave behind identifiable "footprints" in the market. By identifying and interpreting these footprints, it becomes easier to understand and follow trending market moves. Over years of collaboration with in-house Chartered Market Technician (CMT), we have developed "ALGOMETATRENDS", a system designed to identify these unique institutional footprints, or "BIGfootprints". This algorithm not only generates actionable signals but also includes predefined risk management through stop-loss levels ("STOPS"). BIGfootprints enable a structured, rules-based approach to identifying and following trends. Join us for valuable insights into the process an...
Read more

LIFE before BIGfootprints :)

Image
Managed a proprietary trading office for three years prior to the pandemic, concluding operations in 2015. Key Takeaways : This experience underscored the immense value of learning from both failed ventures and traders. Over the course of managing the office, we engaged with over 55 traders—each highly ambitious but often carrying unrealistic expectations. Many aspired to achieve significant financial success within just 3–4 months, yet lacked the financial resilience to sustain themselves during the early stages without steady income. Challenges and Learnings : Burnout occurred rapidly for many traders, especially during the early stages, when they were repeatedly stopped out on a daily basis. The system in place incorporated built-in daily stop losses, and some traders found themselves hitting these limits by 10:30 AM, forcing them to either leave for the day or remain and trade with "dummy money." The majority chose to exit. Key Insight : Through this experience, I develop...
Read more