Banknifty Long Above 39750

Mar 21, 2023

Hello, I would like to propose a trade regarding the BankNifty index that I believe could be profitable. After analyzing a bullish pattern , I suggest going long on the index if it exceeds the 39750 level. It's important to note that this entry is only valid if the 30-minute candle closes above 39750, and we should wait for a retest before entering the market. Therefore, it's not advisable to long the index before the 30-minute candle closes above 39750. I will keep you updated on when to execute the trade.

Additionally, it's crucial to limit your risk to 1/2 of your normal risk. For instance, if your normal risk is 20000, then only risk 10000 in this trade.

The target for this trade is around 950 points with a maximum stop loss of 500 points. Please keep in mind that this is a positional trade and could last for a few days. I will keep you informed of any further updates. However, please note that this is not financial advice, and it's best to consult a licensed financial advisor before making any investment decisions.
Guys Do follow me for much such ideas.

Mar 21, 2023

Note

Market breaked 39750 . Wait for candle closing

Mar 21, 2023

Note

Now You can take entry at 39770 . Order placed trigger pending...Don't catch thrown knife. Let market have a retest... Wait and watch ...

Mar 21, 2023

Note

You can take deep in the money option like 38600 call. or future if you take future then always hedge it for overnight risk. Still yet to trigger ...

Mar 21, 2023

Note

triggered My position is valid now.

Mar 21, 2023

Note

@39760