NIFTY just shy of touching 20 dma
how was my post of yesterday?
It was a perfect trading set up.
If you fear to buy at low then when would you like to?
At high when market rally becomes matured and struggling at a resistance line?
Not you rather I say we almost all retailers jump in to the market after witnessing a spectacular rally.
we are ready to buy when nifty is at 18100 but not willing to buy when it is 17100.
This is the problem with us as we fear of loosing we fear to buy against the trend.
let us come to the real picture .
we have our oscillator in almost over sold condition.
and clear divergence between oscillator and price.
The divergence is powerful hidden divergence which is more reliable than normal divergence.
So uptrend is on don't fear to loose best stop loss recent low. Risk to reward much more.
Don't forget to to like my post and connect with me by following me.
It was a perfect trading set up.
If you fear to buy at low then when would you like to?
At high when market rally becomes matured and struggling at a resistance line?
Not you rather I say we almost all retailers jump in to the market after witnessing a spectacular rally.
we are ready to buy when nifty is at 18100 but not willing to buy when it is 17100.
This is the problem with us as we fear of loosing we fear to buy against the trend.
let us come to the real picture .
we have our oscillator in almost over sold condition.
and clear divergence between oscillator and price.
The divergence is powerful hidden divergence which is more reliable than normal divergence.
So uptrend is on don't fear to loose best stop loss recent low. Risk to reward much more.
Don't forget to to like my post and connect with me by following me.
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