BANK NIFTY ANALYSIS - INTRADAY
Updated
If the price takes support @ the marked zone and trade there for a bit of time and
if the price again breaks out of the formed zone @ support, one can consider taking SHORT opportunity.
Because if this analysis goes right, we can see a very good movement downwards with max 30 point SL.
This trade will activate if the market again invite buyers @ support.
Wait for market to create a range near support.
DON'T TAKE FORCE ENTRIES @ BREAKOUTS.
Be patient, and beware, Market can do anything, It doesn't mean we have to be right always.
WE JUST HAVE TO TAKE SMALL RISKS.
HAPPY TRADING.....
if the price again breaks out of the formed zone @ support, one can consider taking SHORT opportunity.
Because if this analysis goes right, we can see a very good movement downwards with max 30 point SL.
This trade will activate if the market again invite buyers @ support.
Wait for market to create a range near support.
DON'T TAKE FORCE ENTRIES @ BREAKOUTS.
Be patient, and beware, Market can do anything, It doesn't mean we have to be right always.
WE JUST HAVE TO TAKE SMALL RISKS.
HAPPY TRADING.....
Note
ONLY TAKE TRADES IF THE PRICE BEHAVES IN THIS PARTICULAR WAY, BECAUSE WE WILL BE TRADING AGAINST THE TREND.Note
IF YOUR VIEW IS BULLISH, DON'T GET INFLUENCED FROM THIS ANALYSIS.Note
IF THE MARKET INVITE SELLERS AGAIN, THEY WILL BE TRAPPED. AS IT IS DOING THE SAME FROM MORNINGNote
"UNDERSTANDING AND PATIENCE IS THE KEY"Trade active
TRAILING SL @ BENote
NO ENTRIES NOWOrder cancelled
@ BREAKEVEN
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.