Expiry Special Analysis for 29th Oct'2020.
#banknifty :- SHIP formation, if sinks will 23,328 on card.
Decision Line:- 24,175 above long & below short ( keep 100-120 point SL on DP for trading)
Price has stayed above the trend line 99% of the time during the last 2 weeks. If this breaks, the people who are long on the index for the last 2 weeks will be under pressure and monthly expiry on a card can be really scary.
What is on the chart, if the swing low is respected 24058 you can be expected a bounce if breaks major pain ( Targets are posted on the chart on yellow levels)
Strategy:- Wait for setup to get triggered before entering the trade, don't presume and trade, this is blowing your account off.
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.
Decision Line:- 24,175 above long & below short ( keep 100-120 point SL on DP for trading)
Price has stayed above the trend line 99% of the time during the last 2 weeks. If this breaks, the people who are long on the index for the last 2 weeks will be under pressure and monthly expiry on a card can be really scary.
What is on the chart, if the swing low is respected 24058 you can be expected a bounce if breaks major pain ( Targets are posted on the chart on yellow levels)
Strategy:- Wait for setup to get triggered before entering the trade, don't presume and trade, this is blowing your account off.
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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