13 Jun 2017
Bank nifty has been breakdown recent low, might be start the downtrend.
Level 23200-22900, here is one swing high possibility approximate target 23477-23570, watch for pullback or pullback breakout above 23650 then make new high instead down trend confirm
Divergence: 1 hrs, 4hrs, Daily
Trend up but MACD down, so i will wait & short from pullback 23650-620, (Risk reward ratio: 3:1, 1 lot Short between Rejection Area after confirmation 2 lot short 23350) with strict stop loss.
52 Week High-Low: 26708 - 16946
19 Jun: Today high 23615
Bank nifty has been breakdown recent low, might be start the downtrend.
Level 23200-22900, here is one swing high possibility approximate target 23477-23570, watch for pullback or pullback breakout above 23650 then make new high instead down trend confirm
Divergence: 1 hrs, 4hrs, Daily
Trend up but MACD down, so i will wait & short from pullback 23650-620, (Risk reward ratio: 3:1, 1 lot Short between Rejection Area after confirmation 2 lot short 23350) with strict stop loss.
52 Week High-Low: 26708 - 16946
19 Jun: Today high 23615
Trade active:
Short entry @ 23620-650, 1 lot , this is spot price.
Trade active:
Again short 1 lot 23770-820
Trade closed manually:
Take first trade entry profit 23450-23530, if pullback will take short again cmp 23520
Trade closed manually:
book profit at 23575-620 which is short at 23770.