So better we wait till 15400 or even 14700 for better investment opportunities, we have a breakout around 12400, hope we get those levels again....for best investment opportunities. Generally breakouts are tested again.......
DineshBeni
⋅
@neostockmatrix you can invest at any level this is beauty about investment , how you can manage your position and emotions that upto you that where conviction and diversification helps. I'm pretty sure at 12400 it will be pretty difficult to invest because of shear fear
DineshBeni
⋅
breakout retest such a rookie way another rookie way is fibnaaci retracement, market doesn't follow any such rules it makes its own rules
Kumar1129
⋅
IF nifty falls below the channel? what happens?
DineshBeni
⋅
@Kumar1129 the more it fall more it rise everytime
DineshBeni
⋅
just see the history, what made you think history will not repeat itself
Kumar1129
⋅
@DineshBeni, How to say it will falls for sure, what technique is there? because people predicts these flags, some says by so and so %age of probability channel will fail or pass, but to which side it will fail or pass? how much %age is
DineshBeni
⋅
@Kumar1129, I don't think there is any method to predict that. Market sentiments are made by millions of traders , million people doing something how can there be a certainty? only sentiments can predict the probability , sentiments can become so negatives for example nuclear attack sentiments can change for example Russia ceasing off the war how can anyone predict this, even if someone claims how can you trust that person.one thing for sure is 18600 is not nifty lifetime high so be 100% sure someday the flag will brake
Generally breakouts are tested again.......