BANK NIFTY
Here are the levels for bank nifty to trade for tomorrow intraday and mark these levels on the chart. on weekly TF price closed on a bearish candle. on daily TF price a in decision candle. on 1HR TF price gave the break down of the double top pattern on the down side and tomorrow we can expect a retest of the neck line and price may fall further.
if the price open a gap up and candle closed above the neck line and we can take the long side entry on the pull back with the volumes confirmation. for long side targets we can use the fib retracement for targets.
if the price opens flat and faces resistance near the neckline then we can take the short side entry on the formation of the bearish pattern with the volumes confirmation. or if the price breaks the trendline and 0.618 level then we can take the short side entry on the pull back with the volumes confirmation.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price open a gap up and candle closed above the neck line and we can take the long side entry on the pull back with the volumes confirmation. for long side targets we can use the fib retracement for targets.
if the price opens flat and faces resistance near the neckline then we can take the short side entry on the formation of the bearish pattern with the volumes confirmation. or if the price breaks the trendline and 0.618 level then we can take the short side entry on the pull back with the volumes confirmation.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
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