Well, atleast I believe so. Probably the retest of trendline around 9430's to 9450's zone then Nifty will move down further to 9350's zone, but may happen today or 2mrw . Moreover, I'm expecting that double bottom to be failure one, bcos of bearish sentiment... chill..chill...relax.. Bearish sentiment on very short timeframe. We can wait for further push up by Nifty to upside and on Bearish confirmation, take shorts aiming for first targets around 9400's & further down on break of support at 9400's.
But, what if Nifty didn't retest the trendline ? Well, very simple : No Trades for the Day.
Look for someother potential setup then, which is in your trade plan... probably we may get another setup on break of support, so always wait for Nifty to give you the trade setup.
Even if it goes down by 100points we won't take the trade if that doesn't suit our Plan,No chasing - Moral of the Story !
Happy Trading :)
But, what if Nifty didn't retest the trendline ? Well, very simple : No Trades for the Day.
Look for someother potential setup then, which is in your trade plan... probably we may get another setup on break of support, so always wait for Nifty to give you the trade setup.
Even if it goes down by 100points we won't take the trade if that doesn't suit our Plan,No chasing - Moral of the Story !
Happy Trading :)
Comment:
That's our Game & This is how we play :)
So that's how trading should be... You should never hurry in, just wait for the Markets to make the setup you expect & it will fulfill your Desire's :)
Note : Even now, there is no compulsion for Nifty to achieve our Targets, that's why we have stoploss, to protect ourself if Nifty proves us wrong.