pakharsangave

Only for study purpose

Long
pakharsangave Updated   
NSE:BANKNIFTY   Nifty Bank Index
First time I'm giving the BNF analysis …with positional basis..
Proper technical technical analysis ….
  • Reason for go long or taking CE :
    1. On daily time frame Hammer candle.
    2. Rising wedge patter and gave sharp rejection from trendline.
    3. On 30 min time frame breakout of HL level also created HH.
    4. You can see chart pattern of tringle on breaking of pattern go long with SL of 250-280 points on Spot chart.
    5. One more thing if you see range of 20DEC to 31DEC in daily time frame after that breakout of 200EMA ..Same happened in 30 min time frame. Expecting the same sharp move after breakout of 200EMA.

    GO LONG IN BNF …


    If your doing option u can take expiry of 10th FEB or FEB end.
Trade active:
Hold it till tomorrow's expiry. 10thFeb.
With trailing SL of 38350.
...
Although we got up to 50-80% of return in Options.
Trade closed: target reached:
T1 hit ...
you can exit your positions here...
We got around 300-500% returns in options.
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