NSE:NIFTY@18/01/2022 --------------------------------- If Market Opened as a-
GAP-UP: Support of Resistance (BUY) – Rejection of Resistance (SELL)
FLAT: Support of PDH (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of PDH (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading.
Rules to fallow...
1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not Buy and Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
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SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss S-H -> Swing-High S-L -> Swing-Low GAP -> The area b/w Previous Day Close and Today Open