Nifty Bank IndexUpdated BN Nifty... Target & Stop for valid island reversal (onrequest)
Minimum target for island reversal for BN 20440
and the stop is the end point , here it is 21336
and the stop is the end point , here it is 21336
Note
And if you are concerned about the RRR.Since the stop is below the pattern and you trade only the size of the pattern, the win-loss ratio is based on the minimum target is almost 1:1. very poor??. ok.
But it is absolutely acceptable since the pattern has a high success rate.
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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.