Bank Nifty Reversal Trade From Demand Zone, Small SL 52030
Updated
Please refer the chart, we have explained everything(wave counting, price action, channel etc).
We were short yesterday and booked profit near our target.
Currently Bank nifty is holding this channel and price is bottoming out so we are selling PE with OTM Pe edge.
Our SL is small and it will hit if price goes down again in extension mode.
Stop loss is 52030
Targets; 52511 and 52650
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
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We were short yesterday and booked profit near our target.
Currently Bank nifty is holding this channel and price is bottoming out so we are selling PE with OTM Pe edge.
Our SL is small and it will hit if price goes down again in extension mode.
Stop loss is 52030
Targets; 52511 and 52650
Disclaimer: We are not SEBI registered. The content presented here is based on personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Please follow us on Telegram for real time updates, it's FREE - t.me/WaveMoku
Trade active
Entry triggered at 52117.
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