vanathi

BankNifty - Rangebound!

NSE:BANKNIFTY   NIFTY BANK
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Price action is range bound between 24260 to 24400. Should break the range for further movement.
Comment: Range bound!
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Hi Madam I was not able understand about Bank nifty candle stick movement from 12:25 to 1:15 in 5 Minute charts please clarify. How to trade at that movement price movement was so fast and it's volatile ? please reply
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@Mbalur, Simple. Do not trade in volatile markets. Stay away if you don't want to loose your money.
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Mbalur iivisionii
@iivisionii, But as per my data BUY ABOVE 24422 TARGET 24511/24600 STOPLOSS 24377
SELL BELOW 24333 TARGET 24244/24155 STOPLOSS 24377 it's traded and reached almost 1st sell target. then how and when to trade ?
many times our targets are done in the morning within 15 minute after that we wont get option to trade then how to capture those movements.
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@Mbalur, Exactly, @vanathi is correct. Stay away. Be patient and wait for low risk, high probability trades.
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@Mbalur, Range bound means dont trade or trade within the range.
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I hoped once more range bound then break out. According to vanathi wave
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@soibam, Will see :)
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@vanathi There is a double top here with RSI divergence,so ideally it should move down, right?
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vanathi nano6yogesh
@nano6yogesh, Already it came down because of double top. Further movement possible after the range break.
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