- Marked out a few important horizontal S/R levels in order to give a better idea to the new learners. - Do not trade in between the levels, always trade level-to-level. - Has been consolidating in a range of about 140 points. - Using the measurement objective, the upside breakout target of the parallel channel lies somewhere near 525. - Since the stock is in a heavy uptrend, we are only concerned with upside target. - Any pullback towards the range low seems like a buying opportunity.
Disclaimer:This is NOT investment advice. This post is meant for learning purposes only. Invest your capital at your own risk.
Happy learning. Cheers! Rajat Kumar Singh (@johntradingwick) Community Manager (India), TradingView
- Do not trade in between the levels, always trade level-to-level. What does it mean? Pls explain
amazedKing73869
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bro vwap is not showing for nifty and banknifty , but i saw in the group post of urs nifty had vwap , kindly help me with it .. thanks
johntradingwick
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@amazedKing73869, The spot chart does not have volume. Use the Futures chart - Nifty Futures and Banknifty Futures.
amazedKing73869
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@johntradingwick, got it bro thanks and if i had any doubt is there anyway i could dm in ..
johntradingwick
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@amazedKing73869, Sure, you can contact me via the message feature of TradigView.
amazedKing73869
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@johntradingwick, thanks, i just viewed it ,but the nifty is at 17245 & niftyfutures at 17272 , how to trade in it , it has a 30point differences, a slight conffusion bro
johntradingwick
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@amazedKing73869, You are lacking fundamentals of futures. Please read about contango and backwardation in futures. There is always a difference in the prices of spot and futures. At the expiry, this price difference converges and becomes zero.
What does it mean? Pls explain