Bank Nifty Trading Strategy for 25th Aug'2020
#banknifty setup is neutral, the broader range is 23,200 to 21,000 for the last 2 months.
Double harmonic pattern, shows a reversal pattern in the range of 22,750-22,962, SL 23,220.
The risk to reward is not in favor of long at current levels.
A breakout above 23,220 we can initiate fresh long for 23,707 / 24,074.
Decision Zone 22,898 - 22,763.
Double harmonic pattern, shows a reversal pattern in the range of 22,750-22,962, SL 23,220.
The risk to reward is not in favor of long at current levels.
A breakout above 23,220 we can initiate fresh long for 23,707 / 24,074.
Decision Zone 22,898 - 22,763.
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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.
Related publications
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.