Before saying any thing I must say my hypothesis went wrong as Nifty broke 11820.
Such days are really important in traders life, so, would like to explain what I did, may be my write up will be slightly lengthy, but I felt its necessary to explain such an important happening day for those who are following me. As posted on chart and also in my last posts, I was...
Challenges that a trader and an analyst face as far as my understanding is about the whole process of being a trader and analysist, most of the mistakes are self-experienced but not all. Not necessarily all will agree but I am trying to express my thoughts. I am not trying to hurt any one or undermine anyone.
1. There is so much noise about methods to analyze,...
Nifty 50 EOD 14.9.2020
Nifty could not dare to surpass resitance of 11585 and as expected returned back to support zone intemidiate. Today NSE data suggest serious buying and selling activity and next two days followup will be important.
1.> Nifty Has tested Liquidity Area of support and shown reaction upwards
2.> Nearest resitences were 11452 and 11437 which were subsequently broken and
closing is now also above nearest resitance
3.> Now due to last two days price action support Might have shifted up.
4.> now nearst resistance is 11585 of same falling leg and then 11795.
5.> Hypothetically if...