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subhagghosh
May 18, 2021 8:26 PM

#banknifty analysis for 19th May'2021 Short

Nifty Bank IndexNSE

Description

#banknifty analysis for 19th May'2021

Decision Line:- 33,918 (Above positive & below negative)

Resistance:- 34,245 / 34,509 / 34,772

Support Zone :- 33,664 / 33,368 / 33,129

One of the best forms of PA action is not to predict but to act on the price, chart tells you where, when & how to act on price. Wait for the decision points on the chart to act else don't trade.

E.g. One of the important DP is the weekly low, if the weekly low is broken, then only you will short else you won't.

John Maynard Keynes said, “the markets can remain irrational longer than you can remain solvent.” So be cautious and flexible as market conditions evolve.

Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.

Regards,
SG
Comments
albinz
Awesome
dineshvasawa
Excellent workout
subhagghosh
Last night, I don't know, how many would have posted analysis, with short tagged with analysis.
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