it was a good learning - one candle should not be used to conclude for a trade especially in shorts, rather we should wait for next candle for a confirmation. as i misinterpret in bnf in my last post.
now going forward-
it formed a hammer setup as well as tested rectangle ,25000 level is going to act as very imp support in banknifty .
hourly chart
25500 is likely to be immediate resistance (median line of andrew pithfork.)
strategy - buy on dips with 25k as sl.
it formed a hammer setup as well as tested rectangle ,25000 level is going to act as very imp support in banknifty .
hourly chart
strategy - buy on dips with 25k as sl.
KA