General Trading Chat

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Why 7200, is it because it's a big round number?
Hi Vivek
yes its big round number too..but some more reason
7200 is a big Psychological no..so many traders are waiting there to buy..investors also..if we see PA on that level..a big red candel with very high volume..showing exhaution..all big player dumpes their position for time being..
last low was made 20 jan 2016 which is already break..& now in near time no levels..after that only most important that low made in MAY 2014..18 monthes before ..1 go main nahi tootega
thanks
 
Hi Vivek
yes its big round number too..but some more reason
7200 is a big Psychological no..so many traders are waiting there to buy..investors also..if we see PA on that level..a big red candel with very high volume..showing exhaution..all big player dumpes their position for time being..
last low was made 20 jan 2016 which is already break..& now in near time no levels..after that only most important that low made in MAY 2014..18 monthes before ..1 go main nahi tootega
thanks
no it doesn't matter for investors
 

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