overall stock now in a bear grip , but looking at risk reward on trade side
a pullback can be expected
thus will trade in two way
if it comes at 1370/80 zone will short
or if comes at 1290/1300 will accumulate with stop mentioned
LONG TRADE IN BANKNIFTY INDEX
NOTE:-
-THIS TRADE IS CONTRARIAN VIEW
-TRADE WITH CAUTION
VIEW:-
-INDEX IS TESTING ITS 21-EMA AFTER A LONG TIME EXPECT A REBOUND
-200-BAR EMA ON HOURLY CHART IS TAGGING ALONG WITH CRUCIAL RETRACEMENT LEVEL
TRADING VIEW
ACC.TO SPOT LEVELS
BUY@31300
STOP@31050
TARGET 1@31600
TARGET 2@31750
LOT:20
QTY:5
