#BANKNIFTY Short Term Positional View 11th - 15th Oct'21
Nothing wrong in the market, the structure is bullish only, but if we assume the short term ( marked in blue) is in progress, it will be tough to trade, as the structure is still not clear, might be an ending diagonal /complex structure.
5th Wave is tough to trade, now how to trade? buy the dips and sell the rallies.
DZ:- 37,666 below negative & above positive
Intraday SL for longs :- 37,300
Positional SL for long:- 36,590
The index can go from 38,498 to 39,501.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Regards, SG
Learning:-
Fibonacci Ratio Relationship
• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1 • Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2 • Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50% • There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3
Lions are top of the pecking order for a reason.
They are the kings of the jungle for a reason.
It’s not their strength. It’s not their speed.
It’s not their stealth. It’s their mentality.
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good job dear . KEEP IT UP
suhailjathiyeri123
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thanks so much
kshitizchoudhary8179
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Thank you dada
UnknownUnicorn25755736
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Eagerly Waiting for Monday
dasarajurajasekhar
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👍👍👍till know I have not traded, observed only and from Monday onwards I will....t u
dasarajurajasekhar
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Sir ji, good morning Ur analysis is superb superb superb, nothing else I can......
subhagghosh
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Work like a lion, not a cow
Cows consistently graze. This is akin to 9-5 jobs. Always operating at ~30% efficiency.
Lions pounce in bursts. This is counterintuitive. Work on high intensity, high value projects. Execute at 120%.