Trading plan for the week:
Three weeks of balanced rotations in Nifty. Imp references are marked in chart.
Break below 18K can invite fresh sellers. For longs, will wait for 18230F to be taken out as initiation failed once already this week.
(1/4)
Three weeks of balanced rotations in Nifty. Imp references are marked in chart.
Break below 18K can invite fresh sellers. For longs, will wait for 18230F to be taken out as initiation failed once already this week.
(1/4)
Lets look at 30 mins OF chart to learn more.
Red rectangles are where buyers stepped in strongly in recent past.
(2/4)
Red rectangles are where buyers stepped in strongly in recent past.
(2/4)
However, they did not show continued interest in buying.
The red marked zones are where sellers are slowly showing up.
Need to take them out for continued upmove.
Else, the risk is to the downside.
(3/4)
The red marked zones are where sellers are slowly showing up.
Need to take them out for continued upmove.
Else, the risk is to the downside.
(3/4)
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