#Panchak is a very effective period for a trader, and I use Panchak range in my trading extensively. Here is a thread🧵on how I trade Panchak range

#Nifty #Banknifty #Panchak #Astrology #Astrofinance

You can get panchak dates of every month from google or any astro website

Calculate the whole range of Panchak duration. For example, Panchak starts from 6th October and ends on 10th October.

I will take make a note of the High and Low of the entire panchak range.

Once panchak gets over, if panchak range high is taken out, look for long entry for a minimum target of 61% of the entire panchak range.

Lets say if Panchak range is 17300(Lower) and 17600(upper), Minimum target on the downside would be 17300 – 183 = 17117 if 17300 is breached

And

Minimum target on the upside is 17600 + 113 = 17713 if 17600 is breached.

The targets can get extended to 138% and 200% as well on a trending market

Few more important points about Panchak.
1.If panchak range high gets broken first & immediately low also broken without doing upside minimum target, then downside can be fierce. Vice versa applies if low gets broken first &immediately breaking high without doing lower target