Decision Zone:- 35,375 - 35,405
Upper Targets:- 35,620 / 35,863 / 36,020 / 36,342 / 36,500
Lower Targets: 34,150 / 34,960 / 34,722
As long as 34,646 holds, bulls need not be worried, seems like the price likely to consolidate in 1000 point range of 34,800 to 35,800 before the next move.
My basic analysis remains the same:-
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.
Ref:- 1 H TF analysis:-
2nd march BN went to 35700 and then sank to 35000 and then rebounded to 34400.
please advise what is the correct chart to adhere to for intra day.
1min, 3 min, 10 min, 15 or 30 min?
and the correct indicators?
I am with zerodha.
today I was totally exasperated.
booked a small loss of 700rs.
I buy put and call options.