Ss_Traders_09

NIFTY BANK 07-OCT-2022 MARKET ANALYSIS

NSE:BANKNIFTY   Nifty Bank Index
NIFTY BANK


NIFTY BANK provided perfect example of diversation strategy .


In this strategy market move in different way then RSI. Sometimes price move in upword direction but RSI move in down-word direction and opposite of it.


In today market moving in the zone and making lower - low and forming like triangle but nifty bank given breakout at 38927 in 15 mins of time frame.


After taking successful retest , anyone can take entry .


Entry = 38948
Stop - loss = 38836
1st Target = 39118
2st Target = 39236


Target was previous day low , and completed the target.


This only for learning purpose.

- Ss_Traders_09
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