TradingView
subhagghosh
Feb 23, 2021 10:12 PM

#banknifty analysis for 24th Feb  Long

Nifty Bank IndexNSE

Description

#banknifty analysis for 24th Feb

Decision Zone:- 35,183 - 35,305

Upper Targets:- 35,500 / 35,600 / 35,800

Lower Targets: 35,050 / 34,850 / 34,750 /34,500

34,722 is a trend reversal level until 34,722 holds we are good.

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will 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
Comments
alisid1994
that's great bhai. when will you post the analysis for tomorrow expiry ?
avinash99605
nice analysis
subhagghosh
all targets over achieved
Igpl
awesome
More