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Nifty Trading plan for tomorrow. Do ask questions and let me know if it helps everyone learn simple trendlines. I know there are too many lines, but observe the price action at all lines
#Nifty #trendlines #trading #5minscharts #tradingjourney #tradingplan #learning
#Nifty #trendlines #trading #5minscharts #tradingjourney #tradingplan #learning
Good opportunities on both sides were presented on the plate today! but one had to be patient enough.
Tomorrow's plan
- The red rectangle is the danger zone (confluence of multiple trendlines), any break below go short.
- Any sign of support above the red rectangle, go long
Tomorrow's plan
- The red rectangle is the danger zone (confluence of multiple trendlines), any break below go short.
- Any sign of support above the red rectangle, go long
Nifty - go long with stop 10920.
Nifty intraday charts - Why did Nifty fall at 2:00 PM today? Observe the trendline touch and massive fall after that. Why did nifty reverse again in the last 15 mins. Again, observe how the trendline was formed and the reversal happened.
#Nifty #trendlines #trading #5minscharts
#Nifty #trendlines #trading #5minscharts
One can make money just with trendlines, support, and resistances. But, it takes at least a year or two to master trendlines and to take trades based on that. Your eyes should be trained to spot it. And, you need the patience to wait for such trades.
Obviously, this is a hindsight analysis. But, that is how you start to learn. Draw trendlines, Support, and Resistances again and again in thousands of charts and master it. Over a period of time, you will gain confidence.
