Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

Bank Nifty Futures Brings Upthrust Bar and Two Bar Reversal on Daily Timeframe

31 sec read

Last Friday Bank Nifty does a breakout failure followed by a sharp reversal forming an Upthrust bar and Two Bar reversals on Daily Timeframe. It is typically a dual reversal pattern that brings immediate downside odds in short term.

What is Upthrust Bar?

An Upthrust bar is a wide range bar seen during an up-trend when price makes a new high and closes strongly down on high volume. It is a concept from Volume Spread Analysis (VSA)

Long Awaited Quick Flip Long Signal on 15min Timeframe came to an end

Banknifty quickflip outlier signal which lasted for almost a month finally came to an end.

Bank Nifty Futures – Market Profile

Bank Nifty Futures last friday ended with a breakout failure clearing the Thursday’s failed auction , weekly gap and minor visual references. Immediate positional destination target comes around PPOC – 38400 and AB Poor Low – 38200 levels.

Rajandran R Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, USDINR and High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in and Co-Creator of Algomojo (Algorithmic Trading Platform for DIY Traders)

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