Bank Nifty has retraced quite a lot - broke 20 DMA / 50 DMA and now nearing small GAP support as marked on Charts
will it hold the support or will it slide down further depending on How Global markets respond
It may go up without even taking the support as well...
Too many unknowns to guess .. .. the only known fact as of now is that we know where the support zone is - how price reacts after testing the support is something beyond our control.
A Safe trading approach could be - to take entry as near to support zone. and exit in two scenarios - either the SL gets hit or Target reaches. Simple and Aemotional
Happy Trading
MSK
will it hold the support or will it slide down further depending on How Global markets respond
It may go up without even taking the support as well...
Too many unknowns to guess .. .. the only known fact as of now is that we know where the support zone is - how price reacts after testing the support is something beyond our control.
A Safe trading approach could be - to take entry as near to support zone. and exit in two scenarios - either the SL gets hit or Target reaches. Simple and Aemotional
Happy Trading
MSK
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.