Way to trade on these derived levels
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Way to trade on these derived levels
Trades on above mentioned levels ::
scontent-iad3-1.xx.fbcdn.net/v/t1.0-9/fr/cp0/e15/q65/16806943_1543740958999416_273729238104624711_n.jpg?efg=eyJpIjoiYiJ9&oh=b67308eb355a6d9a00648b4022532f0c&oe=593F6F2D
Posted on :
facebook.com/groups/Market.Inertia.India/
Trades on above mentioned levels ::
scontent-iad3-1.xx.fbcdn.net/v/t1.0-9/fr/cp0/e15/q65/16806943_1543740958999416_273729238104624711_n.jpg?efg=eyJpIjoiYiJ9&oh=b67308eb355a6d9a00648b4022532f0c&oe=593F6F2D
Posted on :
facebook.com/groups/Market.Inertia.India/
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Annexure :: trades done 5 minutes beforescontent-sit4-1.xx.fbcdn.net/v/t1.0-9/16729090_1543770695663109_5237335945442319767_n.jpg?oh=5cb1aade977d293f5aad0cc774206c6e&oe=593FB762
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Described in :: Nifty-levels-to-watch-for-23Jan2017a. If a support or resistance level is broken, it signals that the relationship between supply and demand has changed.
b. A resistance breakout signals that demand (bulls) has gained the upper hand and a support break signals that supply (bears) has won the battle.
c. If a security is approaching an important support level , it can serve as an alert to be extra vigilant in looking for signs of increased buying pressure and a potential reversal. If a security is approaching a resistance level , it can act as an alert to look for signs of increased selling pressure and potential reversal.
We all know Points a and b well. But Point c is where one should focus on
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