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Learning the Structure of the market with support and resistance lines.
1. Continuously Draw trend lines to know the market structure.
2. Trend lines can be channels …
3. By continuously accessing the simple trend lines, market structure can be accessed
How does the soul ( 'I') look like ? Ans : The soul is a point of light smaller than a...
Yesterday Bank Nifty closed above its supply zone @ 17800-18360. Today if it will manage to sustain above this zone it may test 19100-19400. There is less probability to sustain below this zone. 19750-20230 is a short term major supply zone.
Yesterday Nifty closed above its very short term major supply zone @ 8000-8100. On the upper side next demand zone @ 8250-8330. Once it sustains above this zone it may test it’s next very short term major supply zone @ 8520-8660. It’s not easy to sustain above this zone. In any case, if it will manage to sustain then it may test its next supply zone @ 8880-9000....
