Banknifty HS Short Pattern Observed
Updated
Hello everyone, I have identified a short pattern in Banknifty, which can be seen in the chart above. Banknifty has broken down from a head and shoulders pattern, as well as breaking through a channel. I want to make it clear that I do not recommend taking this trade as it is very high risk. Instead, please view it as an educational trade. I have personally shorted Banknifty at 39450 with a stop loss at 39814, and our potential target is a maximum of 38600 with a partial target of 38960.
I want to emphasize that due to the high risk involved, I strongly advise against taking this trade. However, if you do decide to trade, please only trade with 1/3 of the risk you would take in a normal trade. Please note that I am not a financial advisor, and all trades should be made at your own risk.
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I want to emphasize that due to the high risk involved, I strongly advise against taking this trade. However, if you do decide to trade, please only trade with 1/3 of the risk you would take in a normal trade. Please note that I am not a financial advisor, and all trades should be made at your own risk.
If you're interested in receiving more trade updates, please follow me.
Note
any question ask me in comment section??Note
exited in slight profit now as there are chances of gap up on mondayNote
we create this position on higher level or a possible retest .Trade closed manually
trade closed for now manuaaly in slight profit
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