Trade only after breakout of red & green line. use SL as Vice versa.
If bank nifty starts trading above today's high, the possible path is on chart. Using previous wave (Assuming the last wave is completed & today low will be intact). Horizontal lines will act as S/R. This is for Study & knowledge purpose only.
Be causious at higher levels, wait & Trade patiently. 40720 - 40520 will be tricky zone (Avoid in between these zone or trade with small qty. & small RR ratio. Education & study purpose. Happy Trading!
Exit long or at least release few @41K. Risk taker can initiate Shorts near 41300 * Education & learning purpose only. Happy Trading
Go short only after breaking the trend line(at least 02 red candles of 30 min]. If reverse trade for higher targets as drawn on charts (If breaks &trade above Friday's High). Education & learning purpose only.
New observed pattern & trend lines observed on chart along with trendlines. Education & knowledge purpose only.
Follow the trend lines. Take Next trde confirmation confirmation near POC Line. Happy Trading!
kindly follow the trendlines. Possible upside & downside along with break out & breakdown levels. Happy Trading!
Here is the Grid for Banknifty (adjust as per your convenience Use it for day trading. Happy Trading!
Upside & downside gaps (unfilled), for your ready reference.
Major supports with bold lines, minor supports with normal lines ( all greens turn them into red once break down each line). Best to use it on 15 Min timeframe. Supporting- follow the trendlines. Happy Trading!
Best BUY @1625 to 1500 Range for target to 2250+. Invest only if ready to average on deeps. Vertical lines possible reversals, horizontal lines possible support & resistance. Below white lines- Trend lines from past bottoms Happy Trading!
Careful at yellow line (Trap zone) - above positive, below negative. For ready reference 'added Fixed volume profile on chart (tool available in TV). Happy Trading
For the traders expecting for big profit by holding future contracts. Short only below red line...for perfect entry.
Important trendline breakdown on chart. Ready magic levels . Best entry to short re-test of trendline. Trail SL near support/resistance lines. Risky traders can hold for big targets.
Use above levels for Monday only- go long if price trades only above upper line go short if price trades only below upper line. Monday US closed - so careful on Monday atleast 1st half (may be positive 1st half & 2nd half may seen down fall) - as per trading psychology trap .
Bullish flag pattern on Chart, breaking it may trigger towards 760+ couple of week.
Buy above 5 & B (Possibly trap zone for buyers) Below 39000 Risk takers can hold till 38600 for Scalping suggested to use 1 min timeframe (Mark the same zone on your chart). Monday if trades above today's high possibility we could see 39800-40000 on chart ( strong sell zone). *Study & knowledge purpose only* Trade on your risk.