Nifty and Bank Nifty had obeyed the levels.
Today, all were talking about Nifty trading below 200 DMA...so what...what have you done from 8750 to 8200..?... Is anybody having guts to take short here ? ? ?....Answer is "No". However, we travelled from 8750 to till date..
No use in watching 200 DMA / 500 DMA / 1000 DMA or 100000 DMA.
If tomorrow nifty goes 200 points up...then all will start talking about Nifty, that it has taken support at 200 DMA, then also say Nifty target will be 8700.
Taking Trade in live market is more important than Postmortem..
My question is, what is "big" in "200 DMA"?, when you are unable to take entry and make money.
Our message is, Look at our chart and read...
If our Chart says Buy...no need to look for RSI / Stochastic / Double Bottom or Double Top / Gann Angle / Retracement / oversold or overbought....Simply we will follow as per our rules.
Any trade...one should know...Entry Point / Stop Loss (Must) and Exit or Trailing Stoploss...
Strong Message :
Don't try to go deep into Technicals.
Try to Learn Simple Logics, how to take Entry and Make Money.
Learning more technicals leads to more confusion...
Be A good Professional Trader instead of being a Technical Person...
Take Care...
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