Seek first to understand what is going on BankNifty, to be ready put order.
The price is trading value low which is always good for a long entry.
If there is neither any news nor wrong, the control price will attract the value towards it .
At the excess, traders can take a long position with stop loss as a comfortable risk for the target at 30800 above.
In case this topic will be interesting for you, we will continue updating this idea and post more information about our strategies. Sometimes it is much easier to predict any price movements than we used to think. If you found this idea interesting, do not forget to LIKE it and subscribe to the profile, so as not to miss our updates!
@atrehan, its was happened as you written a statement.
vinayakbagewadikar
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@Kinnari_Prajapati, ur analysis on price action is excellent do u teach the same.
Trade-Technique
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@vinayakbagewadikar, i ll try best to guide you and all. I am planning to make some educational posts in short time.
neelimapitroda
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What happens when the value low and support is also broken? Does that make changes to trend lines? As Support broken now becomes resistance, but I know for a fact that market will always retest broken supports levels to see if any buying is coming through if not then further downside room open!!!
Trade-Technique
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@neelimapitroda, Generally breaking "value high" or "value low" happens whenever a change in the strongest fundamental, news, etc. Otherwise, a price come back to the normal fair value area after overacting. In case of breaking value low and create a normal excess will push price again in fair value. but it's not an excess then, it creates spike with volume and initiative move and later on you will get a responsive move again create new fair value. I will give you a real-time example later.