SBIN - short trade for target 590-587.7
reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level
u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1
disclaimer - trade @ own risk
Short on Daily Time Frame on 11.10.2022
Reverse flag on 1 hourly Time frame
Reverse Flag Details
Pole Start (06.10.2022; 10.15AM)
Pole End (12.10.2022;10.15AM)
Pole target matches with 1:1 Risk reward strategy on daily time frame on 11.10.2022
After trend line analysis and Bollinger band strategy the Risk Reward COMES TO 1 : 4.5
Target- 498
SL- 528
Note:...
Everything provided in graph. Analyze on your own before taking your position.
On Monday BANKNIFTY can go up or down. Prices and targets for taking positions are given in graphs. Maintain SL according to you.
My reasons for shorting ;-
1.As most of the markets were red including global market so there is a possibility that it will be also red on Monday.
2.By...
