#banknifty analysis for 23rd April:-
#banknifty analysis for 23rd April:-
Decision Zone:- 31,405 - 31,555
Resistance Zone:- 31,914 / 32,325 - 32,560
Support:- 31,138 / 30,710 / 30,450
Big panic fall is only below 30,400.
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels.
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.
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
Decision Zone:- 31,405 - 31,555
Resistance Zone:- 31,914 / 32,325 - 32,560
Support:- 31,138 / 30,710 / 30,450
Big panic fall is only below 30,400.
The short-term trend is still negative & the trend doesn't change until we get a weekly closing above 32,325 levels.
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.
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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