A descending Triangle! Buy at the Breakout!

Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

trendanalysis chartpattern banknifty bankniftytrend bankniftytradesetup bankniftyoptions

I have done it before!
Buy the nearest ATM Put/Call in the direction of the BO!!!
If it breaks to the upside, that means the market isn't worried about the current covid IND/China crisis!!!
If it breaks down, it's a signal that the market is worried!

Also, a down breakout in a few days would signal market will come down heavily! So, trade with caution!!!

For educational/experimental purposes only!!! Be careful!!!
Thanks!!!

Commentaire:

Buy 20400 CE at 320!!!

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Exit! 20400 CE at what you're comfortable taking!

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If you're a scalper! Exit! More serious trader should wait!

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EXIT!

Commentaire:

Trade closed with 1000 rupee profit per lot!

Trade fermée manuellement

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