Most of the time, the Nifty trades between and around x,y & z
Whenever the Nifty crosses above all 3, a correction sets in sooner than later and vice versa when the Nifty goes below all 3.
This technique has been back-tested for the last 1300+ trading days with consistent accuracy.During periods of sustained rallies and extended corrections - the 3 variables - x,y&z stood as signposts for probable Nifty levels.
When the Nifty manages to hold itself above all 3, keep the trailing stop loss at the highest of the 3 variables - x,y & z.
Similarly,when the Nifty is below all 3, the variable immediately above the Nifty acts as a Resistance for the index.
NOTE-Black line is Nifty.
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