patel27

patel27

is it right time to sell bank nifty ? share your opinion in comment sbelow

patel27

in normal condition stocks keep oscillating around it's big moving average like 100 or 200 days. unless something terrifying happened, i looked pnb and observed that this stock is very much respectful towards its old supports and resistance. also it looks like it is moving upside i channel. and its target is 200 ema

patel27

generally my observation says that if there is 2 dynamic or any other kind of resistance nearby, stock moves quickly and test far one

patel27

no rocket science. it seems weak, and there is a night after day

patel27

this trade is based on past performance and common psychology of traders "always remember stock market is always risky, you have to calculate your risk before calculate profit"

patel27

one should keep sharp eye on movement of heavy weighted stocks, it's support resistance too, for getting confirm 5% to10% profit in options

patel27

lately i also notice strong weekly trade line now, banknifty have to cross 2 major resistance

patel27

bank nifty extended too much on weekly basis, it is higher chance of 1 barish week, in order to under market movement i need your valuable opinion

patel27

now i am confused, share your valuable opinion below and help me to figure out whats going on next

patel27

you have to sell now, if it lose its 30% gain today than our system will fail

patel27

as you can see tata motors reversed from 198 , and formed tripal top

patel27

as you can see in chart, we are looking for sell

patel27

if you look carefully youwill notice that, stoock is moving in a range, so this is best entry according to me, every trade has risk thats why we put stop loss to

patel27

hello everyone, it looks like havells is now on top, it may chances of big correction, but still chart looks bullish if it break high

patel27

wait for your entry, do not hurry, either it will go up or down after that we will enter in trade, follow me and support me, education is all obout sharing

patel27

always trade at your risk. with stop loss one should understand the risk of stock market. go slow and safe. if you agree or disagree with my views i don't mind. but you ave to tell me in comments below

patel27

it looks like market is now exhausted, and and likely to fall down at least 50 % of recent total gain. so it's advisable to look for sell opportunity

patel27

my sell view on bank nifty according to history