Price after a big up trend breaking 2 years resistance now trading in range market / consolidation.
If breaks 4000 then once again a big uptrend is possible. But one can trade this script when the price touches the channel bottom.
Recently price touched 3600 range and went up to the channel 3900, in this trade one would have made 300 points with simple price...
I think market is at a crucial juncture so there is need to do some analysis.
Market has been in a very choppy range for the last week or so. The minor trends in this range were down as market has been making lower highs and lower lows.
What if this downtrend continuous?
Market has tested an important 50 % retracement level of 10856 on Friday. If market...
All of us want the price action to follow our direction of trade but that doesn't happen always. The price action has a natural tendency to move up and down; build ranges and develop patterns. Most of the ranges and patterns are like whipsaws and many traders stuck in these situations and lose money. The most effective ways to deal with such a...