BANK NIFTY GONNA BOOM SOON [STRATEGY FOR 2 JULY 2021]
Hi Friends,
I hope you all are enhancing your knowledge about charts and simple price action and making profits.
Friends, I have ploted two trend lines and this is clearly visible that price is moving in this channel . Now what we should do today ,
Today we will find buying opportunities.
You can buy CE when price break trend line and 34920 level. It will give you a level of 34100 or 34200 it depends.
Second opportunity of buying is - if price comes to the strong support zone and taking its support and show you the upword momentom. Here you can also buy CE it will give you a level of 34750.
If someone looking for selling opportunity - he shoud consider NIFTY 50 chart as well , there NIFTY 50 is making double bottom at 15700. If NIFTY 50 breaks that level then it is a sell opportunity in BANK NIFTY. And you can buy PE at the privious day low level . You should find privious day low on your own.
I suggest to avoide sell for today.
Advice for you if you are in market or thinking to come in the market.
: You should prepare your own strategy soon, you have to know what things are working for you!
: Allow only two stoplosses a day if two stoploss hits then close your laptop and don't come again, because day is not yours.
: Hold the wining trade by trailing stoploss and cut the loosing trade as soon as possible.
: If stoploss hits then don't feel bad its a part. Sometime you win some time market.
: Some time not to take trade is also proffitable.
: If price action is not going according to you then you shoud leave the trade for that day.
: Never follow any one to take trade, neither me nor any one on this planet, because what i or they share is my or their point of view, hopefully it is good for me and them. You shoud find what is good for you.
:You can just take help like how others are thinking , what is their psychology, but trade only and only on your risk.
You guys give me your valuable time thank you very much.
JITENDRA KUMAR
I hope you all are enhancing your knowledge about charts and simple price action and making profits.
Friends, I have ploted two trend lines and this is clearly visible that price is moving in this channel . Now what we should do today ,
Today we will find buying opportunities.
You can buy CE when price break trend line and 34920 level. It will give you a level of 34100 or 34200 it depends.
Second opportunity of buying is - if price comes to the strong support zone and taking its support and show you the upword momentom. Here you can also buy CE it will give you a level of 34750.
If someone looking for selling opportunity - he shoud consider NIFTY 50 chart as well , there NIFTY 50 is making double bottom at 15700. If NIFTY 50 breaks that level then it is a sell opportunity in BANK NIFTY. And you can buy PE at the privious day low level . You should find privious day low on your own.
I suggest to avoide sell for today.
Advice for you if you are in market or thinking to come in the market.
: You should prepare your own strategy soon, you have to know what things are working for you!
: Allow only two stoplosses a day if two stoploss hits then close your laptop and don't come again, because day is not yours.
: Hold the wining trade by trailing stoploss and cut the loosing trade as soon as possible.
: If stoploss hits then don't feel bad its a part. Sometime you win some time market.
: Some time not to take trade is also proffitable.
: If price action is not going according to you then you shoud leave the trade for that day.
: Never follow any one to take trade, neither me nor any one on this planet, because what i or they share is my or their point of view, hopefully it is good for me and them. You shoud find what is good for you.
:You can just take help like how others are thinking , what is their psychology, but trade only and only on your risk.
You guys give me your valuable time thank you very much.
JITENDRA KUMAR