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Trade-Technique
Jun 18, 2019 6:17 AM

2-scenario on BANKNIFTY, Which one is for you? 

Nifty Bank IndexNSE

Description

I have plotted here 2-scenario where BANKNIFTY can move beside.

What are the points to confirm the direct?
The following points should be considered while taking action.
  • find the where are low risk (stop loss) and higher target
  • down-side more preferable to keep our trades presently.
  • control price will give you hit and more accuracy to trade here.
    etc.


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Comment

As expected downward move started by NIFTY and bank nifty. For short selling should keep stop loss as today high.

Comment

Exactly, Nifty started to fall. :)

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Comments
ankit_prajapati
excellent work bestie
Trade-Technique
@ankit_prajapati, thank you. Let see tomorrow.
UnknownUnicorn4466383
@Kinnari_Prajapati, it will break control price and possible to high price line....
Trade-Technique
@kavi_bharath, are you talking about CROSS value high ? In another word, after cross over the control price and move to value high?
UnknownUnicorn4466383
@Kinnari_Prajapati, yess after breaking control line
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