Hey everyone,
My analysis of nifty50 in 1D time frame market downtrend on 02-12-2022,and this time nifty 200MA 1D T.F make support and close this level ,
let see 1h T.F 16feb to Today marekt overall downtrend some retest the level & most important market make a tringle pattern .
lets talk about how i make a good trade.
First off all nifty break the previous day low and 200ma break i go down side make 1st target =17064 & second target 16802 This is downside view.
upside view is market break previous day high go upside and make trendline resistance zone 1st target = 17600.
This is only for education purpose.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Md Faiz
My analysis of nifty50 in 1D time frame market downtrend on 02-12-2022,and this time nifty 200MA 1D T.F make support and close this level ,
let see 1h T.F 16feb to Today marekt overall downtrend some retest the level & most important market make a tringle pattern .
lets talk about how i make a good trade.
First off all nifty break the previous day low and 200ma break i go down side make 1st target =17064 & second target 16802 This is downside view.
upside view is market break previous day high go upside and make trendline resistance zone 1st target = 17600.
This is only for education purpose.
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Md Faiz
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