Here comes another triangle formed by banknifty. Compared to nifty banknifty is more bullish. Buy above 24260 with the stoploss of 24220. Targets are 24320, 24370 and 24420. Sell below 24200 with the stoploss of 24230. Targets are 24160, 24100 and 23060. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
Trade active:
short
Comment:
Targets 1 and 2 done!
