WHY AFTER YESTERDAY FALL PRICE MOVED TODAY UPSIDE?

Hi Traders,

This post is all about the relationship of price with support and resistance marked on the chart which along with the trade idea posted yesterday to trade in BNF. Point no.2 clearly stated that after taking out halt 2 upside move. The white arrow shows the taken-out conditioned fulfilled. Here is the trade idea posed on the community tab whose link is given below in the box.

Trade Idea of Banknifty for 7-12-21

1. If the price opens above halt 1 and takes support then halt 2 is your target. But the move would be slow and volatile,

2, If the price opens near zone 1 and takes support then again halt 2 is your target but this time move would be swift after crossing halt 2.


3. if the price takes out zone 1 to the downside then a fall can be seen.

Yogesh Vats