bhagat109

Multibagger Strike. (Bank Nifty)

Long
NSE:BANKNIFTY   NIFTY BANK
Time frame: 75 min.
1) RSI divergence.
2) Inside candle.
3) Morning star pattern.
3) Making higher lows. ( in 15 min TF)

How to trade:
Spot chart- On 29th July if price gives a closing above 34,580 in 5 min candle.
Buy *35000 CE of 5th August expiry.* (Current price 224.)
SL: 50-60 points ( or < 34520)
Target: 35200

Good for Swing trade as well as intraday. Don't hold the position after monday.
Position size should be such that even if you SL is hit. You should only lose 2% of your entire capital.

One should go with futures if not comfortable with options.

Trade closed: stop reached