Good trendline has been break
Risky Traders van enter at Retest of trendline break.
1. Good Stop loss hunting below the support zone
2. Bullish engulfing candle formation at bottom
3. trendline break with good volume
Safe traders- (where risky traders can add more quantity)
Can enter once the channel is broken with good volume and after successful retest...
This is my personal indicator setup for Intraday Trading.
Strategy and the Trend will be shown in the table automatically. And the levels are automatically plotted (Dynamic levels 🩸, Air, 🌱)
You can see the accuracy of my Friday Trade - Sell @ 38144
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Bank Nifty reversal pattern form in daily chart. One can go long with Bank Nifty with strict stop loss. This is my own indicator "Trend Trader Harshal". It represents current trend as well as higher time frame trend in same chart.
1. Nifty took support at 50 DMA
2. If you see Fibonnaci retracement, it retraced upto 38% and turned back on higher side
OI data analysis:
1. It respected 11400 where we had highest OI in PUT side.
2. Yesterday we had equal number of OI on 11500 PUT and CALL but at the end Bulls has won the game. Heavy PUT writing is seen...