My trending system generated a buy signal on a 15 minutes time frame.
The buy signal was generated 29600 with a tight SL of 29400.
The targets for this level are coming around 30500-30400 and these levels are also a major supply zone!
I use my system to identify a trend and to find possible targets I prefer to use Fibbo levels.
The buy signal was generated 29600 with a tight SL of 29400.
The targets for this level are coming around 30500-30400 and these levels are also a major supply zone!
I use my system to identify a trend and to find possible targets I prefer to use Fibbo levels.
Commentaire:
25/12/2020 - Bank Nifty has reached its target and there is a high chance that it will either consolidate at the current levels or will give a decent pullback to 29900-29700 levels before continuing with the upper trend .