Bank Nifty Trading View for 13th Dec 2023

I prefer to wait for price action at red lines for shorting and similarly at green lines for long. I will wait for a strong price action to show me some at my levels and then only take a trade. We can see that has price has been following downtrend since Monday. I would like to follow that order till buyers feel that the price is cheap now.

Comment:

I missed the levels of first reversal from bottom, and also the first reversal from top. I could have made better levels considering day high and low as well. Did two trades exited with an SL.

Learning is when a Price action is formed see if some level is there or not, like important level that might have been missed.