Decision Zone (Above positive & below negative bias) :- 34,845
Decision Points (Can either act as support or resistance):- 34,259 / 34,491 / 34,724 / 35,088 / 35,140 / 35,262 / 35,344
The invalidation point of upmove is 34,724 ( which will be SL for longs).
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.
8000 followers, thank you all for wonderful support and wishes 🙏
subhagghosh
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Perfect, yes we are in upmove, buy in dips will work , with SL of 34,750 roughly🙏
subhagghosh
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On expiry, the market cracked.
SPpremium
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Today's high was 0.618 for me. It's a good fibs no where run takes a break or makes a pullback.
1. icici, hdfc & axis are showing green movement tomorrow
2. If today's high i.e. 0.618 is crossed, then 0.786 i.e. 35500 will definabley be seen
So, my scenario was LONG
But after seeing your chart, I agree that there is a straight up move from 34500 to 35200, so the down movement should happen esp. in choppy market
My fibo ( drawn in down side ) says 0.5 comes at 34845 which co-incides with your level :)