#banknifty analysis for 10th May:-

2021年5月7日

#banknifty analysis for 10th May:-

Decision Zone:- 32,925 - 33,030

Resistance Zone:- (33,259 - 33,362) / 33,545 / 33,728 / 33,955 / 34,216

Support Zone :- (32,667 - 32,771) / 32,484 / 32,301 / 32,075

SL for positional long 31,565

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

2021年5月7日

注释

This chart speaks more than 1000 words, it's a great learning opportunity to read the chart how the analysis is derived and levels are calculated.

I try to share, as much as possible.

When I started trading 16 years back, there was no one to help me with analysis or trading. I have learned it a hard way, just sharing what I learned.

Thank you all for your immense support.