subhagghosh

#banknifty analysis for 26th May'2021

NSE:BANKNIFTY   NIFTY BANK
#banknifty analysis for 26th May'2021

Decision Line:- 34,733

Resistance:- 35,055 / 35,270 / 35,576 / 35,967

Support Zone :- 34,573 / 34,245 / 34,015

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

I am holding 34800 CE 27th expiry
Now it's loss
Can I hold or not
+20 Reply
@abhiramchm yes, u will be in profit
+1 Reply
niveshkidisha subhagghosh
@subhagghosh, does that mean expiry will be above 15100
+1 Reply
@abhiramchm, are you still in trade..
Reply
Bro at 34750, can go long now?
+1 Reply
@Charlie_Jeyakumar volatile hai, entry was at morning around 34500 levels
Reply
@subhagghosh, okay bro. thanks for the reply
Reply
now, avoid trade
Reply
Nice sir
Reply