BANKNIFTY Expiry Trade
Day started of with a bearish trend.
But couldn't breakdown the previous swing Low.
Trapped with Take Breakdown.
Resistance was created on the upper side, In order to take entry we need price to break that level with impulse,
such that we can take entry after retracement.
2 targets were set
-- Day's high
--Previous GAP
Target 2 is pending
and Trailed my SL to recent swing Low.
But couldn't breakdown the previous swing Low.
Trapped with Take Breakdown.
Resistance was created on the upper side, In order to take entry we need price to break that level with impulse,
such that we can take entry after retracement.
2 targets were set
-- Day's high
--Previous GAP
Target 2 is pending
and Trailed my SL to recent swing Low.
Trade closed: target reached
Note
Set targets based the price momentum and SL availability
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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.