29 SEP 2022 TIME 1955 IST.
1. US and Europe are finding sp at lower levels.
2. INDIA VIX is at 22.
3. Reliance is at crucial sp level at 2332. If it breaks the low of today, next target is 2327.
4. HDFC twins are at crucial sp levels.
5. ICICI bank has sp at 830 -840 levels.
6. Because of dollar appreciation, Infy and TCS are supporting market.
Don't miss the great SELL Opportunity in USDINR.
USDINR created a Ascending Channel Pattern and it's at major resistance of channel pattern and probably it'll bounce back to support zone which is at 80. The 1st target is 80.15
RR Ratio: 1:8 Reward
Understanding the structure of the market and analysing the trade entries for Swing trade
1. Price is absolutely around 50% of Fib which is a reversal zone.
2. In Price action pattern we can see a double Top. Good reversal pattern to be considered
3. Pitchfork Median Line is being rejected.
4. If the Trend line that is being respected since...
Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the...