@dhineshr244, right now its at weekly support near 280.
if you are long term player then buy now and hold with stoploss of 270 closing basis.
or if you want to be on safe side then wait for upper line break out above 310 closing basis.
it is very bullish on weekly chart
abhay_nandaniya
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@Paurik, hello ir my buying price 315 and i think book a my losss so what can i do now , book loss ya hold my position.
Paurik
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@abhay_nandaniya, Hold with day closing Stoploss of 280 bellow.
if i would be at your place then i would hold.
@dhineshr244, or use average nifty force paurik indicator and buy when it starts to turn green.
Purvishah
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@Paurik, what is average nifty force indicator? can you show some light there?
Paurik
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@Purvishah, Its indicator based of trend average. i am still backtesting it and modifying as per requirement.
Paurik
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@Purvishah, What Is the Force Index?
Dr. Alexander Elder is one of the contributors to a newer generation of technical indicators. His force index is an oscillator that measures the force, or power, of bulls behind particular market rallies and of bears behind every decline.1
The three key components of the force index are the direction of price change, the extent of the price change, and the trading volume. When the force index is used in conjunction with a moving average, the resulting figure can accurately measure significant changes in the power of bulls and bears.1
In this way, Elder has taken an extremely useful solitary indicator, the moving average, and combined it with his force index for even greater predictive success.