How to identify rejection at particular levels ??
Look at my trade , where I have identified multiple levels of rejection which gave me a decent profit .
Though nifty is rising higher it doesn't look's like it was going to sustain(Nifty was also trading near it's resistance level) . That was the another reason for shorting .
I covered my partials near the support area or my target area . Though it did not touched my target but it was very close where I covered my partials and got out when it hit my stop loss .
Tip of the day : If you want to be a successful trader , you need to be very watchful .
Thank you !!!
Sturdy_Intraday_Trading
Look at my trade , where I have identified multiple levels of rejection which gave me a decent profit .
Though nifty is rising higher it doesn't look's like it was going to sustain(Nifty was also trading near it's resistance level) . That was the another reason for shorting .
I covered my partials near the support area or my target area . Though it did not touched my target but it was very close where I covered my partials and got out when it hit my stop loss .
Tip of the day : If you want to be a successful trader , you need to be very watchful .
Thank you !!!
Sturdy_Intraday_Trading