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!