Previously acted resistances
1) R 1256 (profit booking)
2) R 1319 (tradable)
3) R 1391 (final resistance)
Psychological investors' memory and intelligence are something remember forever. The above 3 resistances mentioned in the past acted are the memory of investors who will repeat as resistance in the future.
Example of Trade setup:
1st Trade: Sell 1319...
MUTHOOT FIN HAS INSIDE BAR FORMATION ONSIDE MOVE CAN BE SEEN. BUY ABOVE PRV DAY HIGH .. SELL BELOW PRV DAY LOW. TGT 1-2-% SL OPPOSITE DIRECTION .
GOOD LUCK.. IF YOU LIKE THIS CHART YOU CAN FOLLOW ME ON YOUTUBE FOR DAILY UPDATES. AND ON TWITTER TOO @IMBHUWI .. YOUTUBE CHANNEL( DUMB TRADER ) YOU WILL LEARN MANY THINGS FROM MY VIDEOS AND PLS DONT FORGET TO LIKE AND...
BANKNIFTY: buy above sell below levels for this week- part2 (OCT last week)
Previous targets achieved in single day, so extending the prediction rest of the day this week.