#banknfity Delta update for4th -6th Aug
Updated
#banknfity Delta update for4th -6th Aug
What do I see on #banknifty?
Bearish Cypher pattern getting formed and reversal point is 35,602 ( GAP - Resistance [35674.75 - 35347.05] ), which falls in GAP area and high probability of reversal.
Still have 400 odd points on upside, trade with cautious.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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 .
What do I see on #banknifty?
Bearish Cypher pattern getting formed and reversal point is 35,602 ( GAP - Resistance [35674.75 - 35347.05] ), which falls in GAP area and high probability of reversal.
Still have 400 odd points on upside, trade with cautious.
E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will be 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 .
Trade closed: stop reached
The price crossed the gap, the trade got closed.
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