Nifty Bank IndexShort
bank nifty raising wedge target 34900
Updated
today end of session bank nifty formed raising wedge in 15 min time frame.
today's bank nifty close: 35131
if the gap up by 100 points bank nifty will be starting at 35231
so tomorrow maximum market seems likely to open in gap up by 100 points
if the market open gap up by 100 points then it satisfies raising wedge then it will surely fall from 35231 to 34900
target is 34900
net profit is: 300 points
so buy the 35200 PE option.
if the gap down by 100 points bank nifty will be starting at 35031
if the market open gap down by 100 points then also satisfies bearish divergence then it will surely fall from 35031 to 34900
target is 34900
net profit is: 100 points
so buy the 35000 PE option in case gap-down.
today's bank nifty close: 35131
if the gap up by 100 points bank nifty will be starting at 35231
so tomorrow maximum market seems likely to open in gap up by 100 points
if the market open gap up by 100 points then it satisfies raising wedge then it will surely fall from 35231 to 34900
target is 34900
net profit is: 300 points
so buy the 35200 PE option.
if the gap down by 100 points bank nifty will be starting at 35031
if the market open gap down by 100 points then also satisfies bearish divergence then it will surely fall from 35031 to 34900
target is 34900
net profit is: 100 points
so buy the 35000 PE option in case gap-down.
Trade active
I am able to see strong red candles in 5 min time frame channel pattern has formed so please don't exit trade some slight up moves comes here and there but our target will be reaching by 3:21 pm.
Trade active
still, if anybody needs confirmation look into 1 hr chart there are totally 3 bearish candles it indicates today it is going to reach 34900
Trade active
target is going to reach.enjoy chicken dinner.
200 points reached still 100 points for the target.
Trade closed: target reached
enjoy target reachedTrade closed: target reached
target reached at 12:11 pm in 1 min time frame
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