going long seeing neckline breakout in the script
going long ....keeping stop and target as per risk appetite
enter at current level
option trade - 7700 or 7800 can be taken @ cmp
lets c how it performes
formations - double top breakout
rsi divergence
cup and handle neckline breakout
disclaimer - for study purpose only
Bankni
Bank Nifty: Weekly Analysys and Intraday Trade PlanHello,
Demand Zones:-
30850-31120
31400-31500
Supply Zone:-
30450-30500
30850-31120 is a no-trade zone for me.
Once Bank Nifty will sustain below 31850 then I may go short for the target of the next demand zone.
Once Bank Nifty will sustain above 31150 then I am short OTM put option.