#banknifty analysis for 10th Feb
In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up.
Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750
Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409
Lower Targets: 35,899 / 35, 456 / 35,099 / 34,741 / 34,232
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
In the last 3 day's bulls are able to consolidate on the higher side and this is a good sign and signifies time correction, either we carry on with time correction for the next couple of days before again moving up.
Decision Zone:- 36,169 - 36,037, trend deciding levels 35,750
Upper Targets:- 36,271 / 36,376 / 36,450 / 36,696 / 36,943 / 37,053 / 37,209 / 37,409
Lower Targets: 35,899 / 35, 456 / 35,099 / 34,741 / 34,232
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
