SCS Daily Dose for Monday – 26/07/2021.
Nifty Hourly Chart as on 26-07-2021 at 9:00 AM
There are six horizontal lines on chart.
Let me discuss in detail, as I will use above color Codes in future also.
Green and Red Lines.
Green Line – Shows Top of the Range.
Red Line – Shows Bottom of the Range.
Blue Lines – Top Gap.
Pink Lines – Bottom Gap.
Let me explain here, how to interpret above chart.
- Broader Range – of the Nifty Hourly Chart is 15600 (Red Line) to 15950 (Green Line). It means these are the most expected boundaries of Nifty as per the current chart.
If anything goes above or below it then we may need to redefine the range again, means the following interpretation will not useful, new studies will be necessary to understand it with new boundaries.
Top Gap – 15828 to 15936 (Blue Lines). Team SCS will explain in next Wednesday’s session what Gap Theory of SCS is and its importance.
Top gap of the range is always a no trade zone for buyers. That doesn’t mean that you are suggested to sell here, when to sell is dependent on data analysis (Team SCS will give data analysis training in future Wednesday sessions).
Bottom Gap – 15630 to 15700 (Red Lines). Bottom gap of the range is always a no trade zone for sellers. That doesn’t mean that you are suggested to buy here, when to buy is dependent on data analysis.
Possible Trade.
Here possible trade means subject to data and behavioral analysis.
- Buy Nifty near 15600 to 15650 with Stop Loss of 15534.35.
- Sell Nifty near 15900 to 15950 with Stop Loss of 16012.15
Tomorrow, we will discuss 5 Minutes Chart of Nifty. SCS promises you that you will get something new every day, which will improve your knowledge on Stock Market.
The success ratio of team SCS in trades is 28/29, i.e. we have made profit in more than 96% of our trades.
Team SCS wants to develop the same skills in you too.
Team SCS aims to demonstrate our success rate to the whole world and wants to provide the World’s Best Asset Management Services.
As a part of this mission, SCS is conducting;
- Free Learning Program of 10 Weeks.
- Frequency – Two days a week,
- Wednesday – Data Analysis, Behavioral Analysis
- Sunday – Technical and Fundamental Analysis
- Time – 9.30 PM (IST)
Place – Online Microsoft Teams (for link kindly join our telegram channel, link: https://t.me/scs_ams)
We at SCS assure you that we will provide daily insights which will improve your knowledge in Stock Market. If you want to learn more about specific topics on stock market, you can raise a query on any SCS platform (Instagram / Youtube / Facebook / Twitter / Linkedin) and we will include it in our training sessions, YouTube videos or in articles.
To get regular updates of our learning videos subscribe to our YouTube channel and press the bell icon to subscribe and get instant notifications about our latest videos.
Join us on Telegram for training with us by clicking the given link
Stay tuned to our YouTube channel – “Swetark Consultancy Services”
https://www.youtube.com/c/SwetarkConsultancyServices
SCS is an Indian International Organization, which provides one stop solutions for businesses.
Team SCS, is in this business from the last 25 years, and together we have served more than 2000 clients, varying from small businesses to big corporates, and Public sectors.
Team SCS is a professionally qualified members from different domains like Chartered Accountants, Certified Public Accountants, Company Secretaries, Information Technology Experts and Lawyers, across the globe.
To know more about SCS, Visit our web site, www.swetark.com.
Disclaimer.
This Article is solely for educational purposes. It is advisable not to trade on the basis of this article. Take help of your financial advisor before taking any trades.