subhagghosh

Bank Nifty Trading Strategy for 24th July'2020 and next few days

Long
NSE:BANKNIFTY   NIFTY BANK
Inside Bar on the daily chart ,22nd July High 23,208 & Low 22,600.

Directional move once the levels are broken:-

Good entry point is 22,700 - 22,750 levels 22,500 as SL.

Target 1 is 23,365 and an extended target of 25K on cards.

Flag formation on the daily chart , the probability is to break higher-ups.

Don't get the impulse to short is there is a gap down.

I prefer to short if there are a strong reversal signal and confirmation below 22500 closure.

Just enjoy a cup of tea.


Comments

good analysis..!!
+1 Reply
excellent
Reply
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