BANKNIFTY Analysis for 26-AUG-2022
BANKNIFTY ANALYSIS BY SARDAR G MARKET TRADERS
BANKNIFTY
On daily frame we can see there was bull run but now forming range. Trading in this time is tricky but if at right point trade is taken will be profitable. On 15min candle We have Resistance and Support for intraday level. Once breakdown on 5min candle execute your trade. But there are different methods to enter the trade. Directly Entering on Breakout or wait for correction. There are also different strategies to enter trade. All depends on your risk appetite.
BUY AVOVE 39115
SELL BELOW 38777
ALWAYS RESPECT YOUR STOP-LOSS OF YOU WANT TO BECOME TRADER. EVERY TRADE CAN'T BE PROFITABLE
BANKNIFTYOn daily frame we can see there was bull run but now forming range. Trading in this time is tricky but if at right point trade is taken will be profitable. On 15min candle We have Resistance and Support for intraday level. Once breakdown on 5min candle execute your trade. But there are different methods to enter the trade. Directly Entering on Breakout or wait for correction. There are also different strategies to enter trade. All depends on your risk appetite.
BUY AVOVE 39115
SELL BELOW 38777
ALWAYS RESPECT YOUR STOP-LOSS OF YOU WANT TO BECOME TRADER. EVERY TRADE CAN'T BE PROFITABLE
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.