Banknifty is going to make DOUBLE TOP as mentioned in the chart.
A QUESTION is only, that should it cross..?
The answer depends on many factors, volume, news, thought of the smart move, etc. I am 100% sure and let you know before it happens. Keep your eye on volume and sentiment of Smart Market will result in you.
Chart Projection might be required to correct. Something is cooking which cannot see by normal trader's eye. After the big move, the price will its own normal channel. The market is not going to close permanently, therefore don't get hurry with greed or get fear.
Fundamental points to be considered for traders:
Media believe, GDP kept...
TimeCycle: Phases plotted.
Currently, BankNifty trading made an excess.
SHORT or LONG, What is Risk and Reward ration, Protective stop , Quantities, etc. these all are your question and also the same for me.
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Breaking Any-Side of Penetration will result youBig Move. As a day trader, buy at down-penetration and sell at up-penetration.
For instance, Buy at near the lower low in Price Rotation with the protective stop to loss below Down-Pegenetraction.
if there's not anything fundamentally on this stock, the price will settle very soon as previous channel area.
The "Excess" is always good for trade. The 2297 ATH which the value where sellers will attract to short this stock in FUTURE nse for target 2240 nearby and gravitation of "control price" target is at 2217.
Note: this all levels are for equity and short should be in the future.
TCS is trading at "value high". I prefer to...
Above link and chart is correct. Therefore you were unable to see my post.
Everything is in plotted in the chart but, where should be our entry will decide by lower timeFrame chart.
WAIT and LET ME UPDATE very soon...
Likewise, consciously if your eye apparently checks the breakdown point you will get a high return. Its not actually support but its a breakdown confirmation line.
Resistance is 136.2 nearby.
134.8 below with volume increase than normal will give you breakdown trade.
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