Today Banknifty trade taken knowledge sharing for all.
Today due to high volatility we are engaged with our clients & finally able to take very good trade . After multi level confirmations we have entered in the trade & the trade is executed very smoothly. The idea is sharing with all of you so you can also spot these kind of levels and can find good opportunities. This is pure technical educational knowledge. Banknifty trade is taken on one hour chart... Please note these points for future reference.
After taking below multi level confirmations we have executed the trade: When all below points are in our favour so this is called the high probability trade.
1) RSI given bearish signal on chart.
2) Negative Rejected candle seen below the resistance level of 22555.
3) Well supported by the 2nd negative Rejected candle with lower low.
4) On 3rd Candle trend line has been broken.
5) On 4th candle Shooting star candle has been seen .
6) On 5th candle we have taken the trade. Here we are very confident to take trade after a shooting star candle has been seen.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
After taking below multi level confirmations we have executed the trade: When all below points are in our favour so this is called the high probability trade.
1) RSI given bearish signal on chart.
2) Negative Rejected candle seen below the resistance level of 22555.
3) Well supported by the 2nd negative Rejected candle with lower low.
4) On 3rd Candle trend line has been broken.
5) On 4th candle Shooting star candle has been seen .
6) On 5th candle we have taken the trade. Here we are very confident to take trade after a shooting star candle has been seen.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .