31th July, #banknifty short term trading stratergy
Intraday Trading Strategy:- 31th July 2020.
I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works.
Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades.
Once the condition is met enter the trade.
Target:- 22,200/22,340 SL 21,342
Risk/Reward Ratio: 3.24
The next post will be a detailed analysis of the #banknifty and this is just a trading setup to trade for the next 3 days.
I don't give much weightage to monthly expiry closing, as there are FNO adjustments and little of fundamental works.
Entry Point:- Watch ADX recovering from 13-15 range & DMI+ crossing DMI- & RSI Increasing for entering trades.
Once the condition is met enter the trade.
Target:- 22,200/22,340 SL 21,342
Risk/Reward Ratio: 3.24
The next post will be a detailed analysis of the #banknifty and this is just a trading setup to trade for the next 3 days.
Note
Trade active
The trade is still not activated, so will review it on Monday.
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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.
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.