ponraj_srinivasan

Bank Nifty post market analysis on 23-02-2021

Short
NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty post market analysis on 23-02-2021

Short opportunity at 10:35 am candle's low with 1:3 RR

Reason : Market retraces yesterday's breakout zone and reversed with Bearish pinbar confirmation
High probability trade setup : Yesterday's support becomes resistance + Top CPR + Descending channel resistance + Bearish pinbar confirmation at resistance area

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