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DhirajSinghBais
Jun 4, 2020 3:27 AM

BANKNIFTY TRADE PLAN: 04 JUN 20 ONWARDS: BRUTAL REVERSAL AHEAD?? 

NSE:BANKNIFTY75
Nifty Bank IndexNSE

Description

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Levels for closing longs and locking some handsome profit would be a good idea at this point, possibly followed by a "BRUTAL REVERSAL'' to the down side.

followup trade




Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"

Happy Trading
Jai Hind
Dhiraj Singh Bais
Warrior @ Battle field

Comment

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04/06/20 1351hrs
BN looking weak

Comment

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Will update as n when triggers

Comment

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R:R not in favour of short...
Trend AnalysisChart PatternsWave AnalysisElliott WavesupportSupport and Resistancense
Comments
Trader_Nirmal
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Sirji,
Again Perfect Hit 🎯
buddhas
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Perfect hit Dhiraj....Appreciated. Would be helpful if you can provide the downside tgt numbers
DhirajSinghBais
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@buddhas, 18537/18298 "ONLY IF'' we are done with the corrective rally. BN can test the levels mentioned probably before 11th Jun weekly expiry.
abishekkumarkr
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is it advisable to have a put options in place in this scenario?
DhirajSinghBais
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@abishekkumarkr, cant advice to hold long PE/CE options in any conditions & moreover options are not ''GET RICH QUICK SCHEMES''....
DhirajSinghBais
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@DhirajSinghBais, slow and steady wins the race!!!
srisrini
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I wonder how you picked the ability to read things so well that too in advance!
DhirajSinghBais
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@srisrini12, appreciated
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