nalinakshi

pull back to 644

NSE:BIOCON   BIOCON
if it takes our 636 on clising basis k it may retest 640 and 650
Good call and anaylsis !!
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You might have missed FAKERS @ 1st June 11:30 and 4th June 10am, according to my analysis, TRUE RESISTANCE comes out to be @ 646.75
Where as I see TRUE SUPPORT @ 619.
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nalinakshi sassy_ankit
@sassy_ankit, yes i agree, if you see the chart of support and resistance 646 is right but truly it has fallen from 650 ,if the market gets momentum as nifty can takeoff 10846 to 10852, you will easily get to this level.
By the way Are you student of price action master course or have you taken that course, if possible study market profile. that helps a lot and gives an edge in your trading
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sassy_ankit nalinakshi
@nalinakshi, I haven't taken any courses, though I watch Navin's youtube channel coz it analytical methods are very much in sync with my line of thinking.
I am not convince with Market profile strategy is good for swings or long positional investment. Market profile gives an idea of what happened in past, and very new day opening comes with different story. I prefer Price-Action and to confirm it I use divergence in Stochastic Indicator, thats it.
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nalinakshi sassy_ankit
@sassy_ankit, but definitely give edge, for exmple today biocon point f control was at 637 and it hasnot fallen belw its initial range , and itis maintaining initial balance, but it may come back to valuue area of 629 and 618. thisgivesedge, and i knnew that it will not cross 645 resistnce,. by the way where are youu from/ it is interesting to know a person ho is knowledgeble.
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nalinakshi nalinakshi
@nalinakshi, nifty has lot of volume , i mean institution al players at 10 760, if you know this , you will not get panic.
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sassy_ankit nalinakshi
@nalinakshi, I predicted biocon on 15th May to cross 660 lvl. but due to global trade-war thingy, it didnt but I am still bullish. I used divergence on MACD, MFI and Stochastic to predict the upmove. My point was, market profile is not bad , its just that it reports after event, sort of lagging indicator where as divergence gives indication in advance. :)

If Market Profile works for you, then u r the few lucky people, who can decode market before hand using a lagging indicator, I cant see it so I dont play with it. :)

I am from Pune/Mumbai
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nalinakshi sassy_ankit
@sassy_ankit, i am from bangalore
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nalinakshi nalinakshi
@nalinakshi, do you know initial range, how it is seen?my number is 9845209600. you can call me,
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