Out look for banks degraded loan moratorium hearing still pending!!! Plenty of bad news and much much of frustration for bank nifty bulls. This month is testing some nerves now! What can happen now, 21600-21500 is the strongest support we can have in September month if broken and shattered we can see 20900-21100 coming up ahead... with news playing its part bank...
I had been looking to do a market breakdown this weekend but to be honest, all the opportunities in the market have already been shared in my previous ideas posted.
So instead I am going to share a topic I have spoken to a lot of my followers about recently. The mindset of trading, or should I say investing... because that is really how you need to see it if you...
I keep seeing charts that are very complicated. If they work for you and are consistently profitable then great don't change a thing.
If they aren't then go back to the basics. Start top down. Monthly, weekly, daily, 4hr. Key levels and trend lines all you need looking for confluences.
Need more help message me x
Support orange arrows.
Resistance purple arrows.
Who says you cant see trade setups just using zones and levels? It looks pretty simple to me, You can see how strongly this zone is respected from where price has entered our zone and then bounced ( marked by arrows )
Now it seems pretty clear to us where price is heading and we haven't got any indicators on our...
ORANGE ARROWS - SUPPORT
PURPLE ARROWS - RESISTANCE
Look at the chart and tell me that support and resistance and supply and demand zones are not the way to trade, then I will tell you to folk off ;p
As you can see that every time price entered into one of our zones it bounced or if it did break it made a big move, the same happened with our support/resistance...
I'm showing another way with trend-following that I'm experimenting with. I invite all traders to get involved, so some back testing on paper-trading accounts and see if we can work this thing. Let's share and grow together.