Bank Nifty 15m,"Will Price make another try"
re-publishing herewith my idea , even after a gap down opening , price followed the pattern and price line given by intersection of pattern and 15:30 time line perfectly
at the start , i took trade in nifty (CE) because of weekly pattern support, but in bn there was a resistance of daily pattern, when nifty reached the day mid bollinger i closed the trade and took a short position when price reached at day 20 MA ,informed through "minds" weekly pattern support and 20 DMA resistance in nifty and previous weekly closing price which is acting as a support in banknifty , after 12:30, i got another support of 4 hr pattern in bank nifty, , there was a scope of upward movement in bank nifty as price was below day pattern resistance also below weekly pattern resistance are at 41512 and 41580 , this time price broken BN's 1st day pattern resistance level
at the start , i took trade in nifty (CE) because of weekly pattern support, but in bn there was a resistance of daily pattern, when nifty reached the day mid bollinger i closed the trade and took a short position when price reached at day 20 MA ,informed through "minds" weekly pattern support and 20 DMA resistance in nifty and previous weekly closing price which is acting as a support in banknifty , after 12:30, i got another support of 4 hr pattern in bank nifty, , there was a scope of upward movement in bank nifty as price was below day pattern resistance also below weekly pattern resistance are at 41512 and 41580 , this time price broken BN's 1st day pattern resistance level
Comment:
also fii's are on buying spree for the last 5 trading day
Comment:
some time it could be strategy