With due respect , Pl educate the logic that nifty index can test from17650 to Various levels as has been mention by you but once the index levels bounce above 17960 , Bulls would jump.It means they are ready to pay more price then buying at a lower price at 17650 or more . What is the logic . It is always said Buy at low & sell at high . Please educate on this point . Await your reply & logic about this.
VineetJain_TradingSiksha
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@JagdishKumarPahuja, it is not like we are ready to pay more price than buying at a lower price at 17650.. it is the confirmation that we see, if nifty gives a hour closing above 17960 then now we assume that the resistance is taken out and index is ready to go ahead. It is a game of probability and buying at lower price has a lesser probability to make money than buying at technical breakouts. More the number of confirmations u get at a given point - better is the probability. Always remember even the best traders/hedgers are right only 30% of the time when they trade. So u must know when to ride a trade and when to exit it. exit the loss making trades asap and ride the profitable ones alap. hope it helps..
miraldesai
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Data issue on trading view
WaveTalks
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@miraldesai, Yes. I realised. Thanks. Let me check with the team.
Please educate on this point .
Await your reply & logic about this.