Nifty gaped up above PDH. and drifted down . I was expecting it to find support at PDH. It reversed earlier and did not give me a chance to go long. FTC at HOD gave a short opportunity. TP at LOD/IR Low. I went long at the BOF of LOL(Layer Over Layer) . I expected it to break the FTA(First Trouble Area) , but reversed and stopped me out.BOF of BRN gave a long signal which gave little profit.
sir..today i had a good long trade ..but not able to understad short trade so missed..ie FTC..i always remain doubtful abt FTC....
ReplyDeletethx
sir ..in above chart we sud take it as BOF or FTC???thx
ReplyDeletebizagra
ReplyDeleteYou are right. In fact a BOF happened there.FTC is nothing but a stall.Price simply refuses to go beyond a certain point. Reason could be absorption.
ST
please explain the full form of FTC & BRN
ReplyDeleteUnknown
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ST