Nifty gave a breakout from downward moving channel with target of 4900 but it could face stiff resistence @4860-4880.
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Update at 3:00 pm
Breakout failed.
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hi
ReplyDeletei am regular reader of your blog . i am impress by yourtecnical work
plz give me some ideas and tecnical level , resistans , support level of bank nifty
thx a lot
hi pls help me how to put stoploss
ReplyDeleterecently i bought cropmton at 337 and sl at 330
but sl triggered and the same it went up now trading at 375
my sl was 2 weeks low
Hi..Renu,
ReplyDeleteNear the exhaustion or maturity point of an upmove or downmove, the first channel break is most likely to be "c" of a 4th followed by a 5th..which is what Nifty has done. Your TA is good and if you combine it with EW, it will become quite potent.
best regards.
ilango
hi alpesh,
ReplyDeletei dont follow bank nifty but this weekend i will try and look at it and give you my view.
hi afazal,
you could keep your stop loss on the basis of ATR,like you could use 3*ATR(5).
Hi ilango ji,
Thanks a lot for guiding me about yesterday's nifty move and words of encouragment from you means a lot to me.