nifty positional view.png
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Nifty is trading at a make or break level on a positional view basis, As long as the 💎14250 - 14220 level is supported we can expect a up move in the index around the 📈15000 levels.
If the support is violated we can see a further profit booking till 📉13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. 📊 #nifty #positionaltrading #niftytrend #supportresistance
If the support is violated we can see a further profit booking till 📉13800 - 13900.Considering the OI data and other statistical data we can expect the above movements in Nifty. 📊 #nifty #positionaltrading #niftytrend #supportresistance
HOW TO FIND A TRADE FROM SCRATCH? (without using any indicator)
● Identify the MARKET STRUCTURE(trend) and wait for the BREAKOUT.( HH-HL or LH-LL)
● Find the Key SUPPORT/ RESISTANCE levels for an entry trigger.
● Use FIBONNACI RETRACEMENT tool to identify the key support/ resistance levels with buying/selling pressure.
● Wait for the retracement trigger (usually 0.38, 0.5 or 0.61) and then enter.
>> Lesser the retracement ( counter-trend), more significant the target will be.
● Enter with a good risk-reward of 1:2,1:3...
#trendanalysis
#supportresistance
#fibbonaci
#riskmanagement
● Identify the MARKET STRUCTURE(trend) and wait for the BREAKOUT.( HH-HL or LH-LL)
● Find the Key SUPPORT/ RESISTANCE levels for an entry trigger.
● Use FIBONNACI RETRACEMENT tool to identify the key support/ resistance levels with buying/selling pressure.
● Wait for the retracement trigger (usually 0.38, 0.5 or 0.61) and then enter.
>> Lesser the retracement ( counter-trend), more significant the target will be.
● Enter with a good risk-reward of 1:2,1:3...
#trendanalysis
#supportresistance
#fibbonaci
#riskmanagement
#chartpetterns
#supportresistance
●
of some important chart patterns.
●chart patterns are formed at end of a secondary trend reversal or continuation of the trend.
#supportresistance
●
entry- exit- stoplossof some important chart patterns.
●chart patterns are formed at end of a secondary trend reversal or continuation of the trend.