#banknifty analysis for 28th May'2021
#banknifty analysis for 28th May'2021
Decision Zone:- 34,860 - 35,006
Resistance:- 35,200 / 35,550 / 35,960 / 36,350
Support Zone :- 34,751 / 34,410 / 34,142 / 33,850
Rising Wedge is not a good sign, book profit at higher levels.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
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.
Regards,
SG
Decision Zone:- 34,860 - 35,006
Resistance:- 35,200 / 35,550 / 35,960 / 36,350
Support Zone :- 34,751 / 34,410 / 34,142 / 33,850
Rising Wedge is not a good sign, book profit at higher levels.
One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.
John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.
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.
Regards,
SG
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