BANK-NIFTY11/01/2022 --------------------------------- If Market Opened as a-
GAP-UP: Support of PDH (BUY) – Rejection of PDH (SELL)
FLAT: Support of IMP (BUY) – Rejection of IMP (SELL)
GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL) ------------------------------------- Happy Learning and Trading.
Rules to fallow...
1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels.
Please take the trade according to the levels marked, with Risk-Reward.
This is not Buy and Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market.
NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.
I hope you all like my analysis. Please do share your thoughts in comment section.
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SHORT FORM &FULL FORM ------------------------------- PDH -> Previous Day High PDL -> Previous Day Low IMP -> Important R1, R2,R@3... ->Resistance-Zones S1, S2,S@3... ->Support-Zones TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The Area b/w Previous Day Close and Today Open