Bank Nifty Trading Strategy for 27th Apr'2020 & Next Week:-
Head & Shoulder pattern formation in progress in the 1-hour chart.
The pattern is null and void above, 20,335.
As per the pattern, we sell below after 1-hour candles closed below 19,390.
You can book peofit in green multiple zone (18,777-18,595 / 17,458-17681 & final at 17,165), with SL of 19,990.
You should avoid any long in the market until BN crosses 20,335.
I simply work on pure price action & demand & supply zones, which has worked in the last 100 years and going to work in the next 100 years.
Enjoy Trading.
The pattern is null and void above, 20,335.
As per the pattern, we sell below after 1-hour candles closed below 19,390.
You can book peofit in green multiple zone (18,777-18,595 / 17,458-17681 & final at 17,165), with SL of 19,990.
You should avoid any long in the market until BN crosses 20,335.
I simply work on pure price action & demand & supply zones, which has worked in the last 100 years and going to work in the next 100 years.
Enjoy Trading.
Comment:
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Order cancelled:
Bank Nifty gapped up and structure got distorted within the first 15 mins.
The analysis remains null and void.
The analysis remains null and void.
