Watch trendline and Day High level, need to cross above these level or Reversal possible. Out of 13 Banknifty index, 9 stock positive and only 4 are negative so breath of Banknifty is still positive here @ 10:05.
WINNER & LOSER MINDSET GAME Trading Mindset Winner 1) The Zen of Timing: Imagine trading like a game of catch. You don't jump blindly; you wait for the perfect moment to toss the ball. Similarly, in trading, patience is your best friend. Wait for the right moment to strike, like a ninja in the night. 2) Mind over Emotions: Think of your mind as a superhero with the power to control emotions. When fear or greed try to take over, channel your inner superhero to stay calm and focused. Your trading decisions will thank you. 3) Risk is Your Sidekick: Just like a daring adventurer needs a trusty sidekick, every trader has risk by their side. But remember, risk can be managed and controlled. Treat it like a loyal ally, and it will help you on your journey to profits. 4) The Learning Quest: Think of trading as a treasure hunt...
Unlocking the Hidden Patterns of Market Moves: A Real-Life Fibonacci Tale ππ Today, August 30, 2023 – a day that beautifully illustrates the magic of Fibonacci! π Let's delve into the chart that's creating waves and discover the Fibonacci phenomenon firsthand. Picture this: Nifty bravely marches towards the resistance level of 19450, only to face a formidable challenge. As if adhering to some mystical script, it takes a nosedive right after hitting that mark. How does this relate to Fibonacci, you ask? Buckle up, because here's where the Fibonacci saga truly shines! Imagine tracing back to previous market highs and lows – the key turning points – and weaving them into the Fibonacci fabric. Weaving complete, we unveil a set of levels that read like a market oracle's prediction. Pay attention to the 0.50 and 0.618 levels – they're the crown jewels of this Fibonacci treasure trove. And guess what? Nifty, in its market dance, encounters the 0.618 level head-on, as ...
"Cracking the Code: A Deep Dive into Intraday Stock & Index Price Movements" An engaging exploration of the hidden patterns and secrets within the fast-paced world of stock markets. This research delves into the heart of real-time price fluctuations, offering valuable insights for traders and investors seeking to navigate the complexities of intraday trading successfully. Its important to identify the zone for a trader to be in right direction of the trend so that he can benefit from the movement of stock or index. So how to do this, its very simple just look below chart. Chart-1 is intraday chart of Nifty index 15-min. we plot zone on this chart. chart-1 * By plotting previous day high low and pivot point on above chart, it look like chart-2. chart-2 * Now after plotting Previous day High, Low & Pivot point you now able to identify the trend of Nifty index, in chart-2 if you observe properly you get clue that whenever index price trade above Pivot point or Previous...
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