#banknifty analysis for 29th Jan'2021
Decision Zone:- 30,913 - 31,119
Upper Targets:- 31,250 / 31,637 / 32,167
Lower Targets: 30,676 / 30,439 / 30,142
#banknifty took to support and pullback is expected and trend moves to positive only above 31,680.
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.
For 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:- 30,913 - 31,119
Upper Targets:- 31,250 / 31,637 / 32,167
Lower Targets: 30,676 / 30,439 / 30,142
#banknifty took to support and pullback is expected and trend moves to positive only above 31,680.
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.
For 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
