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BANKNIFTY ON 15 mins chart Banknifty is getting weaker every time it tries to touch 200 ma. Before closing of the day, BNF tried to break MA but couldn’t sustain. Based on price action we can analyze that there’s a breakout of a trendline but it’s fake because we have 200 ma just above the current price. Also we have a good Fibonacci 38.2% level that can act as a reversal. So looking at ever data available we think BANKNIFTY maybe end in RANGE MARKET between 33500- 34500. Tomorrow by opening if BANKNIFTY opens above 200 MA look for long positions but if BNF sustains below 200 ma , one should look for hedging or short position.
NSE:BANKNIFTY
by Trademint08
5
HIGH AND LOW STRATEGYIN THIS VIDEO I HAVE SHOWN SOME IMPORTAND POINTS REGARDING HIGH AND LOW STRATEGY -High / Low strategy: Key Points -Understand the Direction of Market / Stock -with previous Day candles High & Low -Stock Selection: 2 to 7% work well with 52wk High/Low -Mark Support and Resistance in a Day time -Then check in 15 mins time frame frame -Keep SL as days low just before the Breakout/Breakdown -TGT can be Previous High or 52wk High and above (Use Support and Resistance) Do's & Don't -Preparation: After Day ends or Before Market Start in the morning -Risk Reward Ratio: can be 1:1, 1:2 and if you are lucky then 1:3 -This Strategy works only after 10 AM and before 3:00PM -Stick to the system for SL / TSL -Breakout / Breakdown : Entry in the trade after Breakout / Breakdown next candle. THIS ARE SOME SIMPLE AND IMPORTANT RULES OF USING THIS STRATEGY WORK ON FOLLOWING PONTS WHICH I HAVE MENTIONED IN ABOVE AND TELL ME YOUR RESUTS IN THE COMMENTS BELOW ALSO DONTS FORGOT TO LIKE AND SUBSCRIBE THIS YOUTUBE CHANNEL AND ALSO SHARE THIS VIDEO WITH YOUR FRIENDS . . . . THANKS FOR WATCHNG.......
NSE:BAJFINANCE
by gauravkale5528
2