Trading in ascending channel pattern, rejected thrice. Expecting potential breakout towards downside
Sell with sl - 39500
Target - 39250, 39090, 38910
This idea is for educational purpose, buy/sell as per your risk management.
I always recommend to book 50% of the quantity at target 1 and keep trailing stoploss for...
Shorting strikes purely based on india vix volatility index
- we can short one side either CALL or PUT side / if we do both then we can conclude that it is short strangle
- Short 39000 CE and Short 38300 PE
🛑 we can observe that market may be stays in between within the above range
- if short both side / if we did short strangle
if breakout at 38850 happens...
Today BankNifty opened with a Gap up and we immediately saw the sell-off. BankNifty is again near the lower range which is 34500-34400 levels. Let's see tomorrow if we see the breakdown or BankNifty again take support from these levels.
Expectations for Tomorrow: Flat opening and range-bound market.
Sell below orange color line
Sell triggered after 10:00 am candle give 350 plus points of profit and again at 14:15.
Almost 700 points of profit given by this setup.
On 1st setup SL is Blue line and on 2nd setup SL was orange line
1. Daily time frame shows back to back green candle (retracement needed)
2.1 min time frame rising pattern breakdown.
4.Rising wedge pattern (High probability of giving a break-down)
1. Victory of Biden can have a bullish impact on the markets.
This is my view and, lets hope for the best.
We have a complete analysis in our previous Post, I was waiting for Wave 1 to complete; Its verified Wave By Wave and Now Wave 2 is forming which is a Flat structure; Wave A and B are almost complete; Wave is the the last Impulse and then we get the MOST AWAITED WAVE 3in downward.