BN super BULLISH, next stop is 52500? 1:6 RR Setup
Bank Nifty was trading in a small range for last few days and completed time wise correction.
Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top.
As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL.
Stop Loss below 50130 candle close (1 hour)
Targets - 51000, 52600 and 53000
Bank nifty is bullish in Monthly, weekly and hourly time frames as per Ichimoku.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top.
As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL.
Stop Loss below 50130 candle close (1 hour)
Targets - 51000, 52600 and 53000
Bank nifty is bullish in Monthly, weekly and hourly time frames as per Ichimoku.
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Trade active
Time: 11:20 AM - June 19th.We are in 600+ points profit so far.
Bank Nifty has been showing great strength since morning. No need to close in panic, hold.
The updated TSL is 50,280 (1-hour candle close below this price).
Note
Time: 2:40 June 14th CMP - 51905
We are in 1435 points profit after our entry, here is the updated SL.
TSL is 50950
Note
Time: 11:03 AM, June 20th, 2024CMP 51530
Here is the updated TSL - we can book the profit if one hour candle close below 51050(not spike). We are still expecting 52500 and 53000.
Regards,
Team WaveMoku
Note
Time: 12:19 PM 20th June 2024CMP is 51670
Updated TSL: One hour candle CLOSE below 51200 (remember not spike), we can book the profit and exit if this happen.
Note
Time: 1:32 PM 20th June 24CMP is 51825
Updated TSL: One hour candle CLOSE below 51400 (remember not spike), we can book the profit and exit if this happen.
Our Long Entry Price was at 50470.
Note
Time: 9:09 AM 21st June 24CMP: 51927
Updated TSL: One hour candle close below 51580(candle close not spike)
Trade closed: target reached
Time: 10:47 AM 21st June 2024Our TSL triggered at 10:15 at 51500
We have got 1030 points in BN long.
Regards,
Team WaveMoku
Trade closed: target reached
Bank Nifty hit 52500 too.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.