once the level gets broken then look for entry on 1 hr time frame.buy when breaks and comes to retest the level.entry price will be 1.02800 with stop loss of 1.01809.punch three orders of 0.15 lots and take profit of one order at first target and the hold rest untill it hits stop loss or gives maximum target.i will inform time to time to where totrail your stop loss.
this is a changing trend analysis of banknifty for last may and first week of june of for 2022
all three targets are given.wait patiently
take entry on smaller time frame
Learn how price action works and trade can be carried out with the help of candelsticks/area of interest/chart patterns/fibonacci/trendline/supply and demand zone.
this index is making continuously lower high lower low and is in down trend and also its forming bearing flag pattern wait for the breakout and retest and then ride the bear slide
no indicators used
simple price action trading
chart pattern
support zone -draw using it by parallel channel always as support can be zone or sometimes just using lines
supply zone-horizontal rectangular area where everytime price bunces back
targets
