Price Action (BANK NIFTY spot 5min TF)

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NIFTY LEVELS 13050 - 13200

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  NIFTY  Nifty is facing resistance at 13217, NIFTY may be joining into distribution Zone. Now we need to buy in dips and sell on rising. We have seen some sort of profit booking at higher levels. We have trendline support, Nifty may test this level. keep an eye 13050 odd level. NIFTY 13200 RESISTANCE NIFTY 13050 SUPPORT Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger × Enable Ginger Cannot connect to Ginger Check your internet connection or reload the browser Disable in this text field Edit Edit in Ginger Edit in Ginger ×
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The inner meaning of the "DOUBLE BOTTOM"

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  What is the inner meaning of the double bottom? Whenever a stock comes to the support we look for buying opportunities. Here I am trying to explain the concept behind the double bottom. You have to be open-minded about the context, focus on the price instead of a pattern. If you observe the price alone, the stock started falling from the level “R”, i.e. said to be resistant. Now you need to find good support to buy. If you observe the price @ “1”, the stock is halting and taking a sort of up move called pullback. But we won't consider it as strong support. Why? Whenever the stock or market is falling we need strong evidence, to trade against the primary trend. Why should I not try to buy @ level “1”? The reason is so simple, whenever sellers start selling from higher levels, after some correction they might recover the stocks at a cheaper price, that might be the reason to first-time bounce. And the second reason is logic: when the first bounce is happening retailers will come to...
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Trading

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Trading is an observation, you have to put hundreds of hours into practice, to shape up your trading journey. You have to be enough quick, to tackle decessions that you have made in live markets. Trading is all about processsing the data & analysisng the charts, taking proper decessions quickly and finally being in the game untill you won or lose the trade.
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