** Nifty & Banknifty Trade Setup for 23.09.21 **
Market Analysis & Prediction for 23.09.21 (Thursday ) Expiry On 23 Sept
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* Nifty 50 *
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Support Area Resistance Area
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1st Support Area : 17520.20-17536.85 | 1st Resistance Area : 17610.40-17632.80
2nd Support Area : 17421.90-17438.80 | 2nd Resistance Area : 17691.20-17713.10
* BankNifty *
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Support Area Resistance Area
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1st Support Area : 37043.60-37175.05 | 1st Resistance Area : 37557.15-37708.25
2nd Support Area : 36805.70-36875.95 |
Marketanalysis
Btc projections-NOT FINANCIAL ADVICE- also this is my first time posting so the draft might be a bit amateur. let's start-
The current trend should continue for the next 7-10 days barring a major Sell-off, hence we should testing the 58k fib level within August. There could be some sideways action at that level. Then 2 things could happen:-
Bullish projection- All time high around 80k to 100k would be reached by year end with around 65% correction following.
Bearish projection- BTC reaches 56k in august then falls sharply and tests the 200 week moving average/ around 20k.
This is all pure speculation and my personal analysis, this should not be taken as financial advice.
How to Do Swing trading in IGL ✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
$$ Important logic used: Symmetrical triangle on the resistance of monthly zones = signs of accumulation of price to make the sellers go away and break it, symmetrical triangle showed that both sellers and buyers had same strength near the resistance zones, bulls won the tug of war and thus the stock seems bullish for a while at least, swing trade can be activated here with a Risk of 4% and targets of 4% and 8% , enter the trade as per your setups and risk management only and analyze more than once and think wisely before taking the trade :) Happy trading fella
✺--------------------------- Motivational and psychological area ✺
✣Trade only if you are in the right mindset, if you have been emotionally weak for some time, take your time and don't trade, trade with a happy and + mindset only.
✣If you want to make money, firstly be prepared to lose it, only that much which you can afford and that much by which you can make a mistake again, learn from them and grow
✣Don't lose hope and keep grinding
✣I have seen my friends on youtube streaming games with watching 10, constantly they streamed for a year or two and now they are buzzing with 1k to 2k watching daily.
✣Focus on the process, you are here to make money not stupid decisions, and lose it all
✣No one will help you climb the mountain, few will tell the path, so follow good people, make good mentors and make good decisions and choices in the stock market.
✣Believe in yourself :)
✺------------------------------------ Some info-------------------------- ✺
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼I don't take all the trades I post
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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🔰targets are 130 NOW, whoever took it on supports and made their good positions there, trail and hold tightly ;) 🔥
🔰Any doubts? plz comment
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
<<<<<>>>>>