Hello everyone. Anyone who's following Zones and have any doubts, kindly mention them in the comments below. Will try to solve as much as possible.
Check historical ideas on my profile for examples
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no trade so far
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gave rejection at Lzone
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but i dont think it should fall, be cautious, looking for long setups
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nifty look more favourable than bank nifty to me BUY in the zone with sl below the zone
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Lower level of channel coinciding with zone, is a very good thing.
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Note: BUY only in the zone, Dont ruin the R/R by buying higher. If missed, let it go
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Now that's the beauty of Zones. If there is a reversal expected, maximum times it will happen in the zone region.
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Under worse case scenario, had anyone entered in zone the zone. Your sl was not more than 5/6 points. Good thing we opted nifty instead of Banknifty. otherwise sl would have been more.