Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 5260
Low risk entry : 5210
Target : 5130
Bank Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 10720
Low risk entry : 10600
Target : 10350
Swing : Down
SAR : 5260
Low risk entry : 5210
Target : 5130
Bank Nifty Spot Rates, Technical Trading Levels
Swing : Down
SAR : 10720
Low risk entry : 10600
Target : 10350
Hi AJ,
ReplyDeleteGood Morning..
Continuing with my doubts on volume...if the price continues to climb with no increase in volume,,can it be considered bearish..or is it accumulation/distrbution...
Suresh
Hi Suresh,
DeleteGood morning, as I see price only, if price is rising it is bullish, it is bearish only when it takes your stop out. Volume is not important for me.
When we say increase or decrease in volume or price, it is always relative i.e increase or decrease with respect to what? A trader is probably looking at average volume or average of price and making this kind of statement. As they say, "past performance is no guarantee of future results". I feel that this "increasing or decreasing" statement is very subjective. In technical analysis we should aim for objectivity.
Accumulation or distribution we know only after price moves and sustains above or below the congestion zone. Rest what we do is intelligent guesswork :)
Cheers :)
Hi Aj, Have you got into any day job.... I don't find you regular with your daytime chats and updates..or is it because of your rigorous focus on trading terminal:-)
ReplyDeleteNo day job, have you got anything for me ? :)
DeleteI can't do intraday updates, I have tried it before but it was very stressful. Can't manage trading with blog updates.
Thx Aj...
ReplyDeleteSuresh