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please comment if you have any criticize. I will definitely discuss.
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Trading below 13000 for spot nifty is not also good for bulls. There are also H&S pattern on daily chart.
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Best action should be in two ways,
1) Sell 11386 nearby
2nd) is wait for breaking confirmation 13000 in future.
1) Sell 11386 nearby
2nd) is wait for breaking confirmation 13000 in future.
one more piece of advice.... do your analysis on a daily ,weekly and monthly chart rather than a 4 hour chart because ours is not a 24 hr market .
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@stocksinboxx, my research always on daily and 15min chart but, display was very clear on 4hrs. Therefore i published the for 4hrs base after analysis on daily base.
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one piece of advice little sister....... no one can pick the exact tops and bottoms in this market. don't just blindly short the nifty @ 11386. wait for the price action to give you signals to short. people were talking of shorting the nifty @ 11100 and look at where we are today . try to listen to the market........ because the market is always right :)
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@stocksinboxx, you're right exactly but buying here is good decision?
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@Kinnari_Prajapati, when ever you take a trade...you need to figure out what is your risk to reward ratio . if you take a trade at this level..... your stoploss will be @ 11200 . so are you willing to take a loss of 150 points to make 40- 50 points ? not practical.
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@stocksinboxx, that why high reward and low risk on the short selling side, question is what is the exact figure for selling?...
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@Kinnari_Prajapati, ha ha .... after narrating the whole ramayan , you are asking me who is ram
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@stocksinboxx, i did not ask you, i just saying that question, road is clear on short side... !
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@Kinnari_Prajapati, infact as of now , road is clear on the upside. below 11200 we can think of shorting !!!
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