Many Sectors Breadth has been now below the neutral zone so shorting here can be more dangerous
some major sectors that are already in Bullish PNF on higher Box value, we can try to check the reversal in 0.25%

Good to see Nifty Total Market Breadth has cooled off

nhpc also good candidate

Q - What does it mean when the upper band is falling and the lower band is rising on the candlestick chart?
A - Low Rising

Q - What does it mean when the distance between the Donchian channel bands is reduced on the Renko chart?
A - Range Contraction

Q - What does it mean when Donchian channel bands are expanding on candlestick charts?
A - Range Expansion

Q - 20-period on the candlestick chart means 20-day high. What does it show when we plot the 20-period Donchian channel on the Renko chart?
A - Does not make any difference as RENKO has nothing to do with time; price is only the factor where the Brick is painted.

#nifty FMCG good Column Reversal and now at 45D Trendline Resistance
Ratio line rising
support on Ichimoku Kijun Line and Tenkan line

#LetsTrack

Good Move anticipated as the Breakout in SJVN with Power Sector may be the next Goldmine

One question regarding the parameter of DON 28; why 28 was chosen and when is the option or the asset more effective;
a) price range break from FLAT DONCHAIN Bands?
b) price falling and then after that when we see the upper band rising and then the breakout of that in price?
c) trending price and then we see the breakout of the Upper Band?
d) A new low is marked in price and the upper band is flat and then we see the price breaking the upper band?

If the logic behind and concept is made clear then I guess taking trades would be more effective as option pricing is more dicey and not like any other asset.

kindly share your experience in trading with the Donchain (DON Strategy) and your input on which scenario is much better to trade.

RST666

Daily the Close is below the kijun in Nifty and the same is the Weekly Tenkan
Now if we close more lower on Friday then weekly Kijun Kiss cannot be ruled out for Equilibrium to settle which is at approx 18760-18800 levels which may act as support and which was previous breakout level of 28Nov 2022

#LetsTrack

thanks for enlightening me on the indicator and good explanation, I will follow this and dig deep into it.
god bless you

Breadth constantly falling and is now below 50 again after 1st September 2023, we saw a time correction but this time it seems to be the Price correction. Let us see how this cool-off in breadth provides an opportunity to enter longs in the Indexes as still the Larger Box size the trend is not bearish.

let us wait for the right opportunity to enter again re-align our portfolio and pick the right sector before the next move.

#LetsTrack

@Prashant-Shah thanks for the inputs, as you mentioned the Donchain is applicable in all types of charting methods, can we build the scanner in RENKO RS to see if the asset has given a trend confirmation on either side if so yes then can you show the same in RZONE (Snapshot) and how more reliable or powerful would be the trend as per your experience.

for example this is BNF / NF renko, as we see the BNF is underperforming and given a bearish breakout on Renko RS, but if the Breadth is OS here then will this breakout work or it will fail ?

thanks sir

thanks

very informative sir