#banknifty analysis for 28th Jan'2021
#banknifty analysis for 28th Jan'2021
Until we cross 30,900, we are into short term bearishness.
Decision Zone:- 30,380 -30,625
Upper Targets:- 30,909 / 31,365 / 32,0015
Lower Targets: 30,010 / 29,889 / 29,550 / 28,977
The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the oversold market.
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
Until we cross 30,900, we are into short term bearishness.
Decision Zone:- 30,380 -30,625
Upper Targets:- 30,909 / 31,365 / 32,0015
Lower Targets: 30,010 / 29,889 / 29,550 / 28,977
The market is deeply oversold, look out for buying opportunities and if the price reverses from the top then only short, no point selling the oversold market.
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
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