This video link below box is all about my understanding with the movement of price in the stock market. You will find it quite helpful in your trading just check it yourself and decide.
As Describe In Chart
Support And Resistance
Lines Plot On Chart.
Once You Buy or Sell
Then Always Book Partial Profit.
Do Not Wait For Final Target.
Note: As We Seen Today After Opening Market Continue Sell Off In That Case Wait For Sometime To Take Entry In Either BUY Or SELL Side.
It is evident that the Nifty Futures are range-bound since 3rd June 2021. Nifty futures did trade at the highs of 15870 levels yesterday but clearly the strength is not enough for it to sustain the higher levels.
Another point to notice is that the futures are in discount over the spot prices. Nifty spot closed at...
Nifty charts clearly showing distribution after long run apx.1700 points. i think ard 2-3 September 2021 if nifty breakdown 15500 level nifty will easily touch 14500 - 14300.
In 2nd hand if nifty takes support around 15500 and gives closing above support level, nifty will again test high level and continue distribution chennel for few days.
Nifty 50 is trading in Upper channel.****************** BUT near Strong Resistance *********
looks for opportunity in CE side .. until breaks third green line on downside..
Try to buy CE in pullback... try to trade in 15 in chart only to avoid trap !!!!
The story of Nifty touching 16000 is going on from June 15 and till now Nifty touched 15900 or crossed 15900 almost 6 times. Every time Nifty goes up, it comes down facing heavy resistance at top. Similarly Nifty wasn't able to break it's support zone too near 15600, every time it goes down, buyer push it up. Because of that Nifty has been trading in a range of...