Bank Nifty possible retracement

Dec 29, 2023

As the previous moves seems to be completed and new yearly candle will form a retracement is expected. Also there's abandoned baby has been seen on top. Thus we could take the risk of selling bank nify for the coming weeks.
This is my view... If traded calculate your risk reward first and enter with perfect setups. Good Luck. ( this is my view only so that it might help you in taking decisions, not a signal😊)

Jan 1, 2024

Note

The body of the last abandoned baby candle is not taken by today's candle, it wud be much better and sure to short if it was taken without breaking the top, anyway let's wait and watch for a perfect sell setup.. Now is not ready (in my opinion)

Jan 17, 2024

Note

TP1 🏹

Jan 18, 2024

Note

The fall is hard ... Didn't expect to hit the TP1 so soon, more down might follow

Jan 28, 2024

Note

three tagets have been hit, we should be looking for buy setup from now on, if it continue to fall let it be when it starts to go up and consolidate we should be ready... that time the previous top will be broken and we might see 50K. good luck (its a wait and watch now)

Feb 15, 2024

Note

Looks like it's going to fill the gap, today's push breaks the trendline, so short term upward is expected... until a sustain break of top, it's still in down trend.. So taking partial profits and keeping SL tight is the idea. GL