Hi Traders,
This post shows the levels posted yesterday on the community tab worked so perfectly that all support and resistance were on two halts made 3 & 4 the whole day. The video link given below gives the insight of using these levels to explain the cause of range-bound movement. The idea to trade this day was posted yesterday at which point no.1 clearly mentions the range-bound trade as seen today.
yesterday Posted Idea To Trade:-
Trading Idea of bank Niftyon 9-11-2021
1)If the price opens above halt 2 and takes its support then zone 1 is your target.
2) On the contrary, if the price opens below halt 2 and takes resistance of this halt then the price would be range-bound between halt 2 and 3.
Any time halt 3 is breached then caution for longs to exit from their position. If taken out to the downside then can open shorts.
3) Any time halt 3 is breached then caution for longs to exit from their position. If was taken out to the downside then can open shorts.
4) In case of price takes out halt 1 then positional shorts should be winded up and find set up to go long.
Note _ These conditions are given to match the price behavior match these with price and take action accordingly.
Yogesh Vats
.
This post shows the levels posted yesterday on the community tab worked so perfectly that all support and resistance were on two halts made 3 & 4 the whole day. The video link given below gives the insight of using these levels to explain the cause of range-bound movement. The idea to trade this day was posted yesterday at which point no.1 clearly mentions the range-bound trade as seen today.
yesterday Posted Idea To Trade:-
Trading Idea of bank Niftyon 9-11-2021
1)If the price opens above halt 2 and takes its support then zone 1 is your target.
2) On the contrary, if the price opens below halt 2 and takes resistance of this halt then the price would be range-bound between halt 2 and 3.
Any time halt 3 is breached then caution for longs to exit from their position. If taken out to the downside then can open shorts.
3) Any time halt 3 is breached then caution for longs to exit from their position. If was taken out to the downside then can open shorts.
4) In case of price takes out halt 1 then positional shorts should be winded up and find set up to go long.
Note _ These conditions are given to match the price behavior match these with price and take action accordingly.
Yogesh Vats
.
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www.facebook.com/Trade-n-Grow-106510157783894/
twitter.com/yvatsji
www.youtube.com/channel/UC7BVSMV6b3Lyu1Sbf_9nA4g