Nifty: Keeping patience, Following 2-3-5 Rule & getting rewarded
Nifty
Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021.
For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it might tentatively reach there....
You can go in the link above and hit the play button and see Nifty movement after analysis was provided. It has touched the channel top exactly around the red arrow mark... Let me be clear, I'm not here trying to time the market but here to identify levels and opportunities with better risk::reward ratios. As a trader, one should keep patience and be focused on that aspect of the trade. Point 3 is one of the best places to take a trade where RIsk:: Reward ratio is favorable (depending on the trend; which in this case is on the short side).
For details on the 2-3-5 Rule, one can refer the ITC post where I have explained the rule in detail, how one can look to trade based on the rule and what are the limitations.
Note: this is not a fresh recommendation now. Please refer the Nov 01 post where I have mentioned, in the comment section too, where can one look to go short (in the zone fo 18060-18160). We have taken our positions accordingly as per the plan. Those who have followed it have been rewarded today. 🙂
Take care & safe trading...!!!
And yeah, Do hit the Like button 👍 🙂 ( That idea got just 3 Likes 😒)
To Trade with me, Follow me and get regular updates
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Just following the 2-3-5 Rule. Those who have been following me will know that this is what we had predicted on November 01, 2021.
For first time readers, one can refer to our update provided on November 01, 2021 where we had suggested a possibility of Nifty rising up to Channel top around November 09, 2021, highlighted with a red arrow mark, when it might tentatively reach there....
You can go in the link above and hit the play button and see Nifty movement after analysis was provided. It has touched the channel top exactly around the red arrow mark... Let me be clear, I'm not here trying to time the market but here to identify levels and opportunities with better risk::reward ratios. As a trader, one should keep patience and be focused on that aspect of the trade. Point 3 is one of the best places to take a trade where RIsk:: Reward ratio is favorable (depending on the trend; which in this case is on the short side).
For details on the 2-3-5 Rule, one can refer the ITC post where I have explained the rule in detail, how one can look to trade based on the rule and what are the limitations.
Note: this is not a fresh recommendation now. Please refer the Nov 01 post where I have mentioned, in the comment section too, where can one look to go short (in the zone fo 18060-18160). We have taken our positions accordingly as per the plan. Those who have followed it have been rewarded today. 🙂
Take care & safe trading...!!!
And yeah, Do hit the Like button 👍 🙂 ( That idea got just 3 Likes 😒)
To Trade with me, Follow me and get regular updates
Disclaimer
- The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
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