Hello Traders,
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#Nifty-23/05/2022-Levels
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If Market Opens as a-

GAP-UP: Support of PWH (BUY) – Rejection of PWH (SELL)

FLAT: Support of R1 (BUY) – Rejection of PDH (SELL)

GAP-DOWN: Support of IMP (BUY) – Rejection of IMP (SELL)
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Happy Learning and Trading

Rules to fallow...

1) Trade with Strict Stop Loss.
2) Trade with Small Quantity.
3) Take entries based on Support & Resistance Levels.

Please take the trade according to the levels marked, with Risk-Reward.

This is not a Buy or Sell recommendation to anyone.
Take entries after your own analysis.
This is for education purpose and a helping hand to learn trading in market.

NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level.

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SHORT FORM &FULL FORM
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  • PDH-> Previous Day High
  • PDL-> Previous Day Low
  • PDC-> Previous Day Close
  • PWH-> Previous Week High
  • PWO-> Previous Week Open
  • PWC-> Previous Week Close
  • PWL-> Previous Week Low
  • IMP -> Important
  • R1, R2,R@3... ->Resistance-Zones
  • S1, S2,S@3... ->Support-Zones
  • MS -> Major Support
  • SH -> Swing-High
  • SL -> Swing-Low
  • DT -> Double Top
  • DB -> Double Bottom
  • TT -> Triple Top
  • TB -> Triple Bottom
  • TF -> Time Frame
  • BO -> Break-Out
  • RR -> Risk-Reward
  • SL -> Stop-Loss
  • GAP -> The area b/w Previous Day Close and Today Open
  • Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
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