BankNifty whole week in range of 400 points mostly, up and down and it formed an micro level head and shoulder pattern to which it is trading under macro level H&S pattern.Any voilation below a candle close below 43600 will get you 400 points and more.
Levels to Trade are
43600 Below short
Targets 43500,43350,43200
43900 Area Short with Negative Price Action on that level,Targets 43800,43700,43600.
NO Buy options given sell on rise market.
Levels to Trade are
43600 Below short
Targets 43500,43350,43200
43900 Area Short with Negative Price Action on that level,Targets 43800,43700,43600.
NO Buy options given sell on rise market.
Comment:
Aug 18th Review if you like the video please like and subscribe will be posting daily review and next day preciction using price action with support and resistance.
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Comment:
Took stop loss today tiny one ,20 ponts loss premium points
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Making double top in 5 mins time frame watch out price action here
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Took one more entry to short at resistance area since market is on bearish structure waiting for it at resistance made a double top entry made
Trade closed: target reached:
