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

Nifty Bank IndexNSE

Description

⋅ Jun 13, 2017 5:20 AM

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

⋅ Jun 13, 2017 5:38 AM

For those who love to play on 15 min. timeframe.

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

Comment

⋅ Jun 13, 2017 10:11 AM

Touching the support area again and again may also weaken the support.

Comment

⋅ Jun 14, 2017 6:46 AM

This might be the larger ABC type correction.

Comment

⋅ Jun 14, 2017 8:56 AM

Comments

jaysingh123

⋅ Jun 13, 2017 6:07 AM

Sweetspot worked

jaysingh123

⋅ Jun 13, 2017 6:06 AM

Thankyou so much. Already made nice profit in the morning itself.

Bravetotrade

⋅ Jun 13, 2017 6:09 AM

@jaysingh123, that makes me happy :)

AMBRISH

⋅ Jun 13, 2017 5:47 AM

I for got to mention your view are crystal clear.

Bravetotrade

⋅ Jun 13, 2017 6:01 AM

@AMBRISH, thank you so much.. Such comments do motivate.

AMBRISH

⋅ Jun 13, 2017 6:04 AM

@afraidToTrade,When you post your views with levels it helps to trade .

Bravetotrade

⋅ Jun 13, 2017 6:11 AM

@AMBRISH, right, but learning is equally important.

Raj10

⋅ Jun 13, 2017 5:45 AM

Head and shoulders and ABC pattern.. Definitely there s a pull back.. Good detailed explanation

Bravetotrade

⋅ Jun 13, 2017 5:47 AM

@Raj10, Thanks

AMBRISH

⋅ Jun 13, 2017 5:42 AM

thanks,