Greetings , This is best example of Fake breakout .. always put sl while making order
Levels are on the chart. But above today's high a SL below yesterday's low. As this is US election week market is expected to be volatile, stay cautious.
Stock is trading at support levels. Will only enter long once I see a strong bullish candle.
NSE:BANKNIFTY Sell at 26150 SL 50 points Sell at 24720 SL 50 points Sell at 24190 SL 50 points Buy at 23750, SL 50 points Buy at 23150 SL 50 points CMP 23900 Bank Nifty is sideways and can be traded at above points. Disclaimer: author may enter in trade, take your own decision , This is an trading idea not an trading or Investment advice. ...
Note>> 11990 to 12245 is supply zone , three attempt have been made last two week to break it. Above this there is no supply zone so if broken can move to all time high. Overall Nifty is not bearish , Its sideways , If Reliance shows strong upside movement then it can break the supply zone. Sell 11714 SL 20 points Sell 11884 SL 20 points Sell 11830 SL 20...
May reach the Following targets.T1 - 2800 /T2 - 2750
Just for my self Educational Purpose not for trading or investment for other Reliance target 2140 if Hold 2060 DCB Major Support 2005 and 1940 and 1885
Next target 550 in one session on monthly close basis stoploss 475 MCB good risk to reward ration for long term for my self study purpose not for trading
General Study Nifty has already tested 0.382 retracement level. In most of scenarios where healthy retracement is needed, 0.50 retracement is very common and usual. And in that case, price bounces from 0.382 first, then again come back to test 0.50 value area. Wherever a deeper retracement is needed it even test 0.618 value area too but it is not most...
IN RANGE ENTRY NEAR SUPPORT WITH LOW RISK HIGH REWARD
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