#NIFTY50 YESTERDAY 29-SEP-2023
I SEE MANY FRIEND BOOKS THERE LOSSES ON Nifty-50 INDICES.
As i seen many friends stuck on double ⏫ top pattern and make a huge loss on 19660- 19680.
▶️You consider double top pattern as per image TF:5m maybe you correct 💯 but you not because please see market is on good resistance on 19700, when it goes 19680 19700, please wait for candel close above 19700 the. We can trade upside and capture 50 point 19730.
▶️When market is on resistance/support please wait for breakout with pattern and candel close above and below then we take entry with stoploss.
Priority on resistance/support and make a pattern- See resistance/support, breakout, candlestick pattern, OI change, calculate next target and SL.
Please see the image for the reference where the red flag and green flag are. No loss i want, first target is small losses big profit.
(As per my calculations)