FourSTechnicalAnalysis

BANKNIFTY Swing and Positional Trading Idea

Short
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty has broken down from a symmetrical triangle pattern and breached the previous lower swing high

2 trading opportunities arise basis tomorrow's opening.

If first 15 min Opens with a negative close can opt for option 1
If first 15 mins Opens with a positive close and follows through with a retest and breakout failure option 2 can be deployed

Good R2R in both scenarios

Trade closed: target reached

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.