NIFTY FIN SERV INDEX WEEKLY EXPIRY GANN ANALYSIS 19 MAR 2024

Index has been correcting from the recent highs. The As Above So Below principle is working now to the downside. We see a range from 20826 to 20382 on the chart. Today we see 20666 is the key level for the index. On higher side we have 20720/20773/20826. On Lower side we have 20613/20560/20524. Use the levels prudently for your profitable trades. Keep suitable stop losses as per ypur risk profile. Be swift in your trades for profit booking whenever offered. Don't get stuck into unnnecessary positions. Last thing you will do is averaging lossing trades. That is the worst way to trade. Never average on the downside to cover your losses. But pyramyd your way on the upside with 50% lots at base and 25% increments on the up as the trade goes in your favour. Trail stop loss to the incremental buying levels. This way you will make handsome profits and will never be caught on the wrong side of the markets.
Happy Trading !!!
N.B. With usual disclaimers as applicable to the reach of the wonderful trading platform. Thanks to the developers of Trading View Platform for giving the opportunity to shares the ideas the trading community here.