Most traders have difficulty to trade, though they do analysis previous day. Gap up or gap down confuses them. So how to trade? During market hours the emotions are high. At that time you wont find the support & resistance properly. Thats why you are pre planning your trades. So when the market gives you surprises, you will be ready for it.
In my axis bank analysis, I have marked the resistances as my targets. 450 is support, 455 is first resistance etc. Now market opened above my entry. I waited and watched whether it is taking support. It took support & I entered. Trend was not getting strength. So I booked at resistance 1.
Here position sizing & money management also plays an important role.
Dont expect market to move as per your wish. Instead trade as per the market move.
In my axis bank analysis, I have marked the resistances as my targets. 450 is support, 455 is first resistance etc. Now market opened above my entry. I waited and watched whether it is taking support. It took support & I entered. Trend was not getting strength. So I booked at resistance 1.
Here position sizing & money management also plays an important role.
Dont expect market to move as per your wish. Instead trade as per the market move.
