BANKNIFTY Intraday Trade Setup For 17 May 2024 Bullish- Above 48070 Invalid-Below 47960 T- 48665 Buy_2- From 47650 Invalid- Below 47540 T- 48100+ BANKNIFTY has closed on a bullish note with 0.61% gain today. It was just too volatile the whole day. Twice it got sold into with a deep pullback. Index gave a sharp recovery and closed near day high. It has formed a...
Bank Nifty has the same sentiment. Even though if it opens with a gap-up, it won't sustain. So, if the market declines initially, then we can expect correction continuation with minor pullbacks, which may reach a minimum of 47129 to the demand zone. The alternate variation is the same as with Nifty. If the gap-up sustains, it may reject around 23%. After that, if...
Part 1 .Truth About Support and Resistance =============================Support and Resistance================================= Support and Resistance is one of the universal concepts in trading. You can apply it to day trading, swing trading, position trading, and etc. Thus, if there’s only one thing you can master in technical analysis, it would be learning...
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Once you learn one of these strategies, you will be able to analyze the market on your own and trade self sufficiently. learning these strategies will allow you to have better understanding of price action and the overall market structure. Here are the 7 Strategies to learn ⬇️ 1. TheStrat By Rob Smith 2. Smart Money Concept ICT 3. Supply & Demand 4....
What is the role of psychology in trading? Trading psychology helps traders maintain discipline by staying focused on the long-term goals and avoiding impulsive actions driven by short-term market movements. How to Improve Your Trading Psychology Get Yourself in the Right Mindset. Before you even start your trading day, simply remind yourself that markets are...
Topic - Introduction to Option Trading Psychology #Option #Trading 1. Emotional Control in trading 2. Positive Mindset and Learning From Mistakes . 3.Overconfidence and Humility 4.Trading as a Marathon, Not a Sprint 5. Patience and Discipline 6. Risk Management 7. Mental Resilience What is emotional control in trading? Setting your own rules to...
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What are the two types of technical analysis? What exactly are the two types of technical analysis? Chart patterns and technical (statistical) indicators are the two main types of technical analysis. Chart patterns are a subjective type of technical analysis in which technicians use certain patterns to indicate regions of support and resistance on a chart.
ARE YOU A TRADER OR A GAMBLER? TRADER 1. Focuses on long-term growth, profitability, and consistency. 2. Has a valid trading plan and a back-tested strategy that they use use all the time and optimizes along the way. 3. Strictly obeys risk management principles and does not over-leverage their account. 4. Trades only when there are high-probability setups...
Topic - DAILY TRADING CHECKLIST #WHAT IS THE OVERALL TREND? -- Bullish -- Bearish #YOUR CONFIRMATION? (MORE THE BETTER) -- Price Action -- Momentum Oscillator -- Fundamentals #WHAT'S YOUR ENTRY CRITERIA? -- Trendline Break/Rejection -- Zone break/Rejection -- Fib Retracement Rejection -- Ema Break/Rejection #RISK MANAGEMENT USED? -- Stop loss with...
Which chart pattern is best for trading? 11 chart patterns for trading Symmetrical triangle. Flag. Wedge. Double top. Double bottom. Head and shoulders. Rounded top or bottom. Cup and handle. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and techniques. ... Gain trading experience....
👑 Daily Time Frame For Long Bank-Nifty Areas 👑 "Market is always open the next trading day" "Market god favors those discipline and patient" "The number 1 mistake traders make is to be influence by news" "Trading is a game of EQ not IQ" "Ocean rise, sampan rise. Ocean sinks, sampan sinks." "Focus on your own trading, even if the whole world lose money it...
Topic - Chart-pattern Base Trading Part 3 Do chart patterns really work in trading? In some cases, traders believe them to be reliable indicators, and plenty of performance percentage claims online support that assumption. A study by Michael Kahn indicated that chart patterns exhibit a degree of accuracy in predicting price reversals, attributing an 89% success...
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Which chart pattern is best for trading? 11 Trading Chart Patterns You Should Know 11 chart patterns for trading Symmetrical triangle. Flag. Wedge. Double top. Double bottom. Head and shoulders. Rounded top or bottom. Cup and handle. How To Become a Professional Trader : Learn the trading basics. ... Learn the advanced basics. ... Develop trading systems and...
We had a wide range movement on Friday and now price is at support. This zone will decide the trend direction. Pattern : Support/Resistance. Range : Medium. Trend strength : Normal. Buy Above : 47440. Stop Loss : 47360. Targets : 47520, 47600, 47680, 47760 and 47840. Sell below : 47220. Stop Loss : 47300. Targets : 47140 ,47060, 46980 and 46880. Check the live...
Bank Nifty has a range-bound structure after the huge swing. If the market breaks the range, we can expect a rally continuation with minor consolidations. However, if the market faces rejection around the immediate resistance level, it may continue within the range further.