Banknifty trade plan for 23/06/2023
Updated
Chart show trapping for sellers
It is creating confusion to hunt stop losses.
If you just watch closely, you will notice a sharp move will hunt the SL's above the trend line if price has to fall it will not fall easily, it will trap sellers too.
direction is still dicey, small scalp trade set up would be a wise thing to do
Do not sell near Trendline, it most likely to get breakout, sell only near resistance area so its okay to miss the trade, but do not risk hard earned money for ok ok set up
Trade only best of best set up.
It is creating confusion to hunt stop losses.
If you just watch closely, you will notice a sharp move will hunt the SL's above the trend line if price has to fall it will not fall easily, it will trap sellers too.
direction is still dicey, small scalp trade set up would be a wise thing to do
Do not sell near Trendline, it most likely to get breakout, sell only near resistance area so its okay to miss the trade, but do not risk hard earned money for ok ok set up
Trade only best of best set up.
Trade active
As discussed in the analysis, price has behaved exactly as marked on the chart and beautiful intraday day set up with 1:6+ RR trade set up appeared.Please like & share as an acknowledgement of my efforts and motivate me for more content like this.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.