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