Bank Nifty trade plan for 08-Oct-2020
Updated
BNF trade plan for 08-Oct-2020 using volume profile:
Upside: Sustaining above 23000 leads all the way up to 23500. But the divergence in RSI is my worry and its like moving up in no mans land. Also there is no proper retracement, except if its a strong trend.
Downside: 22900 will provide good support. Breaking 22800 leads to downside target of 22700-22600. If breached will lead to 22400.
Upside: Sustaining above 23000 leads all the way up to 23500. But the divergence in RSI is my worry and its like moving up in no mans land. Also there is no proper retracement, except if its a strong trend.
Downside: 22900 will provide good support. Breaking 22800 leads to downside target of 22700-22600. If breached will lead to 22400.
Trade closed: target reached
08-Oct-2020: 13:49:Crossed 23450 and facing tough resistance. Target almost reached :)
Trade closed: target reached
My guess was correct and great learning from the market. Posted at around 13.51pm and look at the fall.Note
This was the divergence I was posting for the past two days and it happened in 30 mins.
@aravindleo_99
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