Bank Nifty Trading Strategy for 19th Aug'2020
#banknifty OI down by -1.05 % and price up by 2.16% % shows short-covering, bears are not able to push it hard and bulls are resting.
1:45 PM to 2:30 PM (21,900 -22,150) Long build was created and 2:30 PM to 3:30 PM (21,100 - 21,227) was short covering.
The trend is positive, trend changes below 21,909.
Tough Resistance 22,186 - 22,245.
Fresh long only above 22,335 Target 22,440 / 22,600 / 22,745 SL 21,900.
Shorting can be done below decision zone, with SL of 22,280.
We need volume to support to breakout.
Decision Zone [ 22,186- 22,245] is marked in yellow, below negative & above positive.
Trade what you see not what you feel, follow it and you will feel the x-factor.
1:45 PM to 2:30 PM (21,900 -22,150) Long build was created and 2:30 PM to 3:30 PM (21,100 - 21,227) was short covering.
The trend is positive, trend changes below 21,909.
Tough Resistance 22,186 - 22,245.
Fresh long only above 22,335 Target 22,440 / 22,600 / 22,745 SL 21,900.
Shorting can be done below decision zone, with SL of 22,280.
We need volume to support to breakout.
Decision Zone [ 22,186- 22,245] is marked in yellow, below negative & above positive.
Trade what you see not what you feel, follow it and you will feel the x-factor.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.