Bravetotrade
Long

Is 1:1 for Bank Nifty -- still intact?

NSE:BANKNIFTY   NIFTY BANK
216 15 6
Bank Nifty             retested the support area twice and bounced nicely. You can try long.
SL 23430
T1 23680-23690
T2 23830-23840

# Wait for better entry point if you already missed the trade. Read my previous post on how to play pullbacks for better understanding

Never risk more than 1-2% of your capital on a single trade.
Thanks.
Comment: For those who love to play on 15 min. timeframe.

snapshot


A inverted H&S pattern can also be seen on 15 min. chart.
Comment:
snapshot

Touching the support area again and again may also weaken the support.
Comment:
snapshot

This might be the larger ABC type correction.
Comment:
snapshot
Sweetspot worked
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Thankyou so much. Already made nice profit in the morning itself.
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Bravetotrade jaysingh123
@jaysingh123, that makes me happy :)
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I for got to mention your view are crystal clear.
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@AMBRISH, thank you so much.. Such comments do motivate.
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AMBRISH Bravetotrade
@Afraidtotrade,When you post your views with levels it helps to trade .
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@AMBRISH, right, but learning is equally important.
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Head and shoulders and ABC pattern.. Definitely there s a pull back.. Good detailed explanation
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@Raj10, Thanks
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thanks,
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