TradeKhan

A descending Triangle! Buy at the Breakout!

NSE:BANKNIFTY   NIFTY BANK
I have done it before!
Buy the nearest ATM Put/Call in the direction of the BO!!!
If it breaks to the upside, that means the market isn't worried about the current covid IND/China crisis!!!
If it breaks down, it's a signal that the market is worried!

Also, a down breakout in a few days would signal market will come down heavily! So, trade with caution!!!

For educational/experimental purposes only!!! Be careful!!!
Thanks!!!
Comment: Buy 20400 CE at 320!!!
Comment: Exit! 20400 CE at what you're comfortable taking!
Comment: If you're a scalper! Exit! More serious trader should wait!
Comment: EXIT!
Comment: Trade closed with 1000 rupee profit per lot!
Trade closed manually

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