BANKNIFTY! TRAINGLE PATTERN! FIBONACCI RETRACEMENT!
BankNifty views as follows:
1. No Trading Zone :: 36425 - 36508 (Strictly Don't Trade)
2. Upside Momentum :: If price crosses above 36508 level and stable for 15 minutes then GO LONG! (High Probability)
3. Downside Momentum :: If price crosses below 36415 level then take 2 pivots as a TGTs. (Low Probability)
Fibonacci retracement @36455- If this level sustain above 36455 then go long. However, long above 36500. SL should be below no trading zone.
As per my point of view; bullish momentum in BankNifty.
Anyone wants to learn price action please comments below.
Happy Trading! :D
1. No Trading Zone :: 36425 - 36508 (Strictly Don't Trade)
2. Upside Momentum :: If price crosses above 36508 level and stable for 15 minutes then GO LONG! (High Probability)
3. Downside Momentum :: If price crosses below 36415 level then take 2 pivots as a TGTs. (Low Probability)
Fibonacci retracement @36455- If this level sustain above 36455 then go long. However, long above 36500. SL should be below no trading zone.
As per my point of view; bullish momentum in BankNifty.
Anyone wants to learn price action please comments below.
Happy Trading! :D
Trade active
Trade Active. Wait for retesting! BTST TGT done!Trade active
TGT1 done!
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.