In the previous post i have given buy signal @51748. But if you took a long entry there you had lost the trade. How to avoid the trade? buying opportunity at 51748 but price has resistance from above thats trendline resistance. So unless it break that trendline resistance and coming back to our level. Then we could have long trade. So before taking the trade...
One can think of long entry @ 51729 Stop loss : @ 51500 Target price @ 52843 Trade only in futures. Always trade limit order. Let the price break our level and when it come back again at our level took a long entry there.
sometimes its not about the supply - demand. If we short at supply zone for the target demand zone. We have seen from the past price has bounced back three times from demand zone now there are few chances to go back to the demand zone unless there is big selling pressure or some bad news. In this case price find the previous support level. Here i have market...