Is there a better example of resistance?

Nifty 50 IndexNSE

Description

⋅ Oct 15, 2020 8:12 AM

And there are people out there thinking that technical patters and analysis have no place in Securities. Just look at that reversal from resistance. :)

Comments

santhoshshankar83

⋅ Oct 15, 2020 8:24 AM

Did you trade?

sankatradesindia

⋅ Oct 15, 2020 8:26 AM

@santhoshshankar83, Yes. Used the hourly charts to see the confirmation and bought PUTs. Squared off too. :)

Did you?

santhoshshankar83

⋅ Oct 15, 2020 9:07 AM

@sankatradesindia, Yes still holding 11900 PE bought at 140.6 monthly option

sankatradesindia

⋅ Oct 16, 2020 2:52 AM

@santhoshshankar83, You might want to trail your SL. I think we could see a +ve opening and a range bound trade.