Most traders have difficulty to trade, though they do analysis previous day. Gap up or gap down confuses them. So how to trade? During market hours the emotions are high. At that time you wont find the support & resistance properly. Thats why you are pre planning your trades. So when the market gives you surprises, you will be ready for it. In my axis bank ...
Price is having resistance at 22620 - 22740 level. Sustaining it will make the price to move towards 22860, 22980, 23220, 23460, 23660, 23780 and 23960. Bearish below 22420 for the targets 22300, 22060, 21820, 22760, 22540, 22360 and 21120.
Sustaining 11480 - 11500 will make the prive to move towards 11540, 11590, 11620, 11680 and 11720. Bearish below 11420 for the targets 11380, 11340, 11280, 11220 and 11180.
Price has already broken the range and its weak below 23000 for the move towards 22860, 22720, 22540 and 22420. Price will gain strength above 23140 for the move towards 23280, 23420 and 23530.
So excited to see futures chart in trading view And once again new journey starts along with the most powerful index Nifty. Strong support is seen at 11250 - 11280. Resistance is seen at 11340 - 11360.
Buy above 347 with the stop loss of 343. Targets are 351, 355 and 359.
During trading most of the newbie traders and part time traders face fear and greed. So why do we get fear and greed ? The origin of fear and greed is ego. The need to be right always trigger our ego, once we take the trade. Then ego makes sure that we wont book profit/loss in time. Mostly "type A" personalities face this problem often. They want to come first in...
Buy above 444 with the stop loss of 440. Targets are 448, 452 and 456. Sell below 434 with the stop loss of 438. Targets are 430, 426 and 422.
Price action is nearing the resistance zone 575 - 580.