I'll trade only on 2 opportunities 1. If it successfully breakout (close above the highs of all the previous candles), I would go LONG. And I may also add one more qty (long) in case of retrace at breakout range 2. If it open gap down, I'll wait patiently to take a retest at the trendline, and SHORT when I see (1 red candle-1 green candle-SHORT at low of green candle)
Order cancelled
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The gap down was bigger than expected, trade cancelled.
Comment
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I expect anyone who is reading my writings to know that there is nothing "certain" in the markets. Neither the %gain on stock nor "out-performance" or "under-performance". There is a risk and opportunity cost involved in both, buying and selling. Selling at any price can often result in "opportunity loss" when the stock moves higher and higher. Human psychology is a culprit here. For e.g. I post any stock which seems undervalued or overvalued to me on tradingview. When anyone makes money on that, they wont appreciate me "a single word". But when they lose or it results in opportunity loss, they are bound to blame me. I don't criticize any person, because I know their psychology has defeated them. At last, there is nothing like "easy money" in the markets. The survival of the fittest holds absolutely true here.
Nifty On 15M chart buy 14621 or below sell 14681 ,14724 .
rohitcb1980
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Support Levels?
UnknownUnicorn7637383
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@rohitcb1980, 14500 (it is also a psychological level). But look, as the nifty spends more time, the levels will also increase right. Well, it should test this level within 15-45 minutes I think.