You can short below 19200 (not in the First 15 minutes of market opening)
If market turns to be bullish for the day
Take long position above 19900 ( not in the first 15 minutes of market opening )
further if down falls continues the shown pattern may form and we may witness a breakout.
Wait for candle to close at /above or below as the case may at these entry levels.
If market turns to be bullish for the day
Take long position above 19900 ( not in the first 15 minutes of market opening )
further if down falls continues the shown pattern may form and we may witness a breakout.
Wait for candle to close at /above or below as the case may at these entry levels.
Comment:
Target for long is todays day open which is achieved.
Comment:
Done for the day , both long and short targets achieved lets see Whether bank nifty respects the Triangle formation and gives us a breakout trade opportunity.
Tomorrow market seems to be side ways and more likely to have Bearishness It will possibly reverse once again from the lower side line of triangle.
Furthermore there might be possibility of bullishness if the reversal happens at the lower side line of triangle . Will update soon my views on it.
Hope you had a good day.
Tomorrow market seems to be side ways and more likely to have Bearishness It will possibly reverse once again from the lower side line of triangle.
Furthermore there might be possibility of bullishness if the reversal happens at the lower side line of triangle . Will update soon my views on it.
Hope you had a good day.
wait for market to open lets see what has for us