Bank Nifty Trading Strategy for 25th Sep'2020
I see blood everywhere, levels on downside:- 19,507-19,598 & 18,066 - 17,949
Last two hours was heavy long unwinding, which shows much larger pain ahead.
Decision Zone:- 20,674 - 20,732
Trend will remain bearish until be crossed 21,750.
Medium term positional trades SL got Tiggred in the range of 20,674 to 20,732 and which opened the flood gate on downsize.
We have broken 3 month of uptrend channel and next line of support is only at 19,500.
Yesterday I posted:-"Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast.
Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days."
As told, market tanked and trend is super bearish now, with much bigger levels on downsize.
Understand, it's not easy to make money in the market, people who have invested in Mar'20 have doubled their money, generally takes 4 to 5 years to double the capital invested, so no free lunch, market has to correct.
The chart is all read and looking at % of red or green color you can read the market sentiment.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
Last two hours was heavy long unwinding, which shows much larger pain ahead.
Decision Zone:- 20,674 - 20,732
Trend will remain bearish until be crossed 21,750.
Medium term positional trades SL got Tiggred in the range of 20,674 to 20,732 and which opened the flood gate on downsize.
We have broken 3 month of uptrend channel and next line of support is only at 19,500.
Yesterday I posted:-"Cracks are visible in the index, if we don't get a bounce in the next couple of days, we might slip big very fast.
Question IS:-" Did we take support from the strong support zone? ", it will only get answered in the next few days."
As told, market tanked and trend is super bearish now, with much bigger levels on downsize.
Understand, it's not easy to make money in the market, people who have invested in Mar'20 have doubled their money, generally takes 4 to 5 years to double the capital invested, so no free lunch, market has to correct.
The chart is all read and looking at % of red or green color you can read the market sentiment.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
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