Profitable_Traders

◩ Movement of BANKNIFTY #3 ◪

Short
NSE:BANKNIFTY   NIFTY BANK
◩ Movement of BANKNIFTY #3 ◪

📌 I am tracking the BANKNIFTY since long back ⤼. I have found that BANKNIFTY follow the specific ⤳ pathways which is ❝ unique ❞. The pattern is clearly given on the chart 💻.

📌 The Levels are:
For Long:
Entry: ↗ 32380
SL: ☢ 31700
Target: ➚ 33000/33600/34200

For Short:
Entry: ↘ 32400
SL: ☢ 31200
Target: ⬊ 29900/29400/28700

➟ Please comment ✍ your opinion, view and ask your queries in the comment ⌨ section.

➟ For more, you can check out my previous BANKNIFTY studies 😍 as well.

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Thank you ✌. Happy Trading ☺!!!

Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.

✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Comment: All target done on long side!!

Comments

CORRECTION:

For Long:
Entry: ↗ 32380
SL: ☢ 31700
Target: ➚ 33000/33600/34200

For Short:
Entry: ↘ 30400
SL: ☢ 31100
Target: ⬊ 29900/29400/28700
+1 Reply
Hello sir
The short entry and stop loss seems to be having error
Best regards
+1 Reply
@akhil2fast, 📌 The Levels are:
For Long:
Entry: ↗ 32380
SL: ☢ 31700
Target: ➚ 33000/33600/34200

For Short:
Entry: ↘ 32400
SL: ☢ 33000
Target: ⬊ 29900/29400/28700
Reply
amandeepsinghkala85 Profitable_Traders
@Profitable_Traders, for short 31400 instead of 32400
+1 Reply
Profitable_Traders amandeepsinghkala85
@amandeepsinghkala85, Please check the corrections.. Thank you
Reply
@akhil2fast, All target done
Reply
The entry level and Stoploss are really have huge gap in your analysis, try to give one more opinion with minimum stoploss levels
Reply
@MONTYRONAD, Hello sir, In long side, Target points are 1820 with SL points 680, RR 1:2.7 and in short side Target points are 1700 with SL points 700, RR 2.5. This is positional/swing trading analysis.

Thank you.
Reply