Price action has formed a symmetrical triangle. Break out can be in any side. Buy above 9785 with the stoploss of 9760. Targets are 9810, 9830 and 9850. Sell below 9760 with the stoploss of 9785. Targets are 9740 and 9700.
Buy above 24040 with the stoploss of 24000. Targets are 24140, 24260 and 24320. Sell below 23880 with the stoploss of 24920. Targets are 23800, 23720 and 23660.
Nifty is at double bottom support. On crossing 9810, nifty will move towards 9880, 9940 and 9980. Breaking support will make it move towards 9760 and 9700.
Bank nifty is at support. Crossing the level 24070 will make the price to move towards 24250,24380 and 24500. On breaking the support, price will move towards 23800, 23640 and 23500.
Few of my friends here have started to think that I have forgotten Newbie's corner. I write, when I get some valid query. So here come a new question. Query : I have been trading for 4 yrs, I have learnt all technicals but still I am losing money. I dont know why. Answer : There are two possibilities. One is not knowing/learning technicals properly. People learn...
What makes a trader special? Is it money? fame? Discipline? When a person is successful in trading he will get money and fame. To be successful discipline is needed. And how to develop discipline? When a person is confused and stressed, he cant trade well. A calm mind brings stable mindset.And stable mindset brings discipline. A trader's mind will be calm when he...
My favourite triangles. Took this chart from my posts :)
Buy above 595 with the stoploss of 591. Targets are 600, 607 and 615. Sell below 591 with the stoploss of 595. Targets are 585, 578 and 570.
Price action at trend line resistance.
Buy above 497 with the stoploss of 493. Targets are 502, 507 and 510. Sell below 493 with the stoploss of 497. Targets are 488, 483 and 478.
Unless the resistance at 9950 - 9960 is broken, nifty will move towards it support at 9850.
Buy above 446 with the stoploss of 443. Targets are 450, 454 and 460. Sell below 440 with the stoploss of 444. Targets are 436, 431 and 428.
Old chart, new memories.... Just extended the resistance line!