Nifty Bank IndexLong
Banknifty View for 18th October, 2020
Sorry for the pause in daily updates. Was working on an algorithm based on moving averages for intraday trades as well as positional entries.
Time frame analysis -
1 hour - A clear breakout pattern has formed
Long entry at 1:15 pm based on algo
Dynamic SL - 9 EMA (marked in red)
15 min -
Clear trend line being followed
3 min analysis - Got two clear trades based on the algo. RR ratio above 1.6 on both.
Standard pivots used as SL and targets for intraday trades. (Fibonacci included)
Buy the dips for tomorrow.
Happy Trading!
Time frame analysis -
1 hour - A clear breakout pattern has formed
Long entry at 1:15 pm based on algo
Dynamic SL - 9 EMA (marked in red)
15 min -
Clear trend line being followed
3 min analysis - Got two clear trades based on the algo. RR ratio above 1.6 on both.
Standard pivots used as SL and targets for intraday trades. (Fibonacci included)
Buy the dips for tomorrow.
Happy Trading!
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