Date 12.05.2024
Bank nifty (day chart)
After warning of shooting star at life high from where bank nifty slipped around 2600+ points,
now bank nifty has retraced to support confluence zone of support & resistance band + ascending triangle base.
The risk reward ratio for longs from here quite good, no target specific but can manage position & trail stop loss if trade is going in favor of long side.
Regards,
Ankur
Bank nifty (day chart)
After warning of shooting star at life high from where bank nifty slipped around 2600+ points,
now bank nifty has retraced to support confluence zone of support & resistance band + ascending triangle base.
The risk reward ratio for longs from here quite good, no target specific but can manage position & trail stop loss if trade is going in favor of long side.
Regards,
Ankur