dipa1988

dipa1988

Hello. As an option trader learner today I learnt fibonacci is a great tool for intraday trading and for those who feel difficulties to drawing perfect support and resistance. Fibonacci is the tool which you can use as a support resistance level. No need to use any indicator. Use these levels + trend lines if needed and with price action we can trade easily :)

dipa1988

Hello everyone. I’m leaning trading and today I learnt something so thought to post here. This is what I notice about trending vs sideways market. Whenever market open with big gap up or gap down there would be big fight between bulls and bears which result in sideways market. While if you notice market open flat or with small gap up or gap down there are high...

dipa1988

Again one more example of chart repeats past actions

dipa1988

This is simple market structure I recently learnt so I am sharing it for all the beginners like me :) We as option buyers try to find trade in side ways market. But we need to understand market is for both option buyers and option sellers. Reason to share this post is avoid trading in range bound market and save your capital because that't time for option...

dipa1988

When market is falling we cant predict the support by looking at the smaller time frame. And we don’t know how the price will react. But we have seen chart pattern repeats. After you see this chart switch the time frame to 4hr and go to the date 31st May 2023 and observe.

dipa1988

This is banknifty market structure from 9th August to 11th August. How Buyers and Sellers acted and finally sellers has broken the important support of 3rd August.

dipa1988

Today market open gap up then it was totally sideways. For option buyers no trade is possible in such market. These are the levels for 20th July 2023. We can plan the trade accordingly. Avoid trade in no trade zone.

dipa1988

You can take your long or short position based on these levels.

dipa1988

Bank Nifty 7th July 2023 to 14th July 2023 observation on 1HTF