as we witnessed a mark of 32155 couple of trading sessions ago, so now as you can see in this chart that we are on Axis point. if this 4hr candle closes below our axis point then we are in correction zone and somewhere will we find a support at 31090.
previous high (32155) to our axis point is a choppy zone, so do not enter between this range.
you can long above 32155 for the target of 32770.
previous high (32155) to our axis point is a choppy zone, so do not enter between this range.
you can long above 32155 for the target of 32770.
Trade closed: target reached:
so today is 6th day of this midterm call on bank nifty, as i told you if we break 31800 (which was our axis point) it will take support near 31090 and today made a low of 31123, almost our all targets hit, approx profit of 677 points.
enjoy :)
enjoy :)