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NSE:BANKNIFTY
Big Pin Bar only weekly chart...
indicating huge selling pressure.
ALWAYS SHORT WHEN U SEE BIG PIN CANDLE. STOP LOSS ABOVE THE CANDLE & EXPECT BIG TARGET
HIGH REWARD LOW RISK.
Sell Range - Rs18250 to Rs18450
SL - Rs18760 (daily Close)
Target 1 - Rs17600
Target 2 - Rs16400
Potential Return - 12%
Potential Loss - 2.50%
Big Pin Bar only weekly chart...
indicating huge selling pressure.
ALWAYS SHORT WHEN U SEE BIG PIN CANDLE. STOP LOSS ABOVE THE CANDLE & EXPECT BIG TARGET
HIGH REWARD LOW RISK.
Sell Range - Rs18250 to Rs18450
SL - Rs18760 (daily Close)
Target 1 - Rs17600
Target 2 - Rs16400
Potential Return - 12%
Potential Loss - 2.50%
Comment:
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Pin bar at the bottom of a downtrend , it is a strong fight between bulls and bears and nobody want give up in other words consolidation , so that reliability is low need further conformation.
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@ajayww2, it's a bearish pin & more importantly weekly chart. can trade with stoploss price being above the spike of
the candle, in this case it is 18760 on closing basis. daily chart is different it can even test 18400. time frame is very important.
longer time frame give accurate trade decision.
the candle, in this case it is 18760 on closing basis. daily chart is different it can even test 18400. time frame is very important.
longer time frame give accurate trade decision.
Reply
