Bank Nifty Analysis for October 2020 !!
Updated
1) If the blue support line downside is taken out in 15mins & 1 Hr time frame then the target is a green zone with a white trendline.
2) If the price sustains above Strongest Resistance line & takes out orange & pink line in 1Hr & 4Hr time frame the uptrend is expected.
3) Be careful because the price can touch the orange trendline & reverse back downside, same can happen with the pink trendline. So wait until price takes out both the trendlines.
4) Orange zone is also the strongest supply zone so there I will leave my all longs and wait for the price to out the yellow dotted trendline along with the orange zone then I will again enter into the trade for the above target.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!
2) If the price sustains above Strongest Resistance line & takes out orange & pink line in 1Hr & 4Hr time frame the uptrend is expected.
3) Be careful because the price can touch the orange trendline & reverse back downside, same can happen with the pink trendline. So wait until price takes out both the trendlines.
4) Orange zone is also the strongest supply zone so there I will leave my all longs and wait for the price to out the yellow dotted trendline along with the orange zone then I will again enter into the trade for the above target.
Disclaimer: Don't just blindly Trade or Invest, learn and then trade. Manage your risks properly.
This analysis is purely for EDUCATIONAL purpose, just to give an idea on the price movements!!
DO NOT FORGET to put your own STOPLOSS!! KEEP STRICT STOPLOSS!
If you earn from my ideas, kindly consider donating a small part of your profits to those in need.
Always trade what you see, never trade what you feel.
ThankYou!
Trade active
Momentum is good, can take out orange & pink trendline.Note
Price should take this 21800 level in 30mins time frame to hit the target otherwise it will reverse. Be carefulTrade active
T1 is not 22240 T1 is 22063
I did a typo over there. sorry
Trade closed: target reached
Target 1 doneTrade closed: target reached
All targets achieved!!
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