S/R areas are like war zones, where one side has to turn out as the winner. However be it winner or loser the memory remains within the participants who were involved. #NIFTY50
Studying the Patterns which repeat itself over and over again and creating a ‘Pattern Journal’ can help you better execute your trades the next time they occur. #NIFTY50
Not everyday the market maintains such momentum but 8EMA adds a great factor to those who take BO trades. Hold your long trade until red candle closes below 8EMA. Market maintains the moment until it does so. #NIFTYBANK
And BOOM! Yesterday I posted the chart of a Major Supply zone being retested in Nifty. Today breakout above that Supply Zone leading to big move upside. #NIFTY50#NIFTYBANK
One of the few times I go for Option Buying (Small Qty) is when I’m looking for Areas of ‘Max Pain’ and a BO hitting the Max Pain Area. Enter at BO candle close and take profits at next Resistance or if candle closes Below 8EMA. #NIFTY50