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FourSTechnicalAnalysis

BANKNIFTY 600+ points Captured. Breakout of 1000+ Expected

Long
BANKNIFTY INDEX FUTURES (NSE:BANKNIFTY1!)  
FourSTechnicalAnalysis  
NSE:BANKNIFTY1!   BANKNIFTY INDEX FUTURES
Chart Patterns Trend Analysis 4stech 4stechnicalanalysis 4stradersacademy
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chartpattern trendanalysis 4stech 4stechnicalanalysis 4stradersacademy
Hi Friends and Fellow Traders,

  • Great Breakout of Ascending Triangle Seen in Bank Nifty
  • We need confirmation of the momentum with a breakout of the immediate resistance level (Marked as our Entry Point)
  • We need an hourly candle closing above this level with increased volume activity
  • The Stop Loss Provided is conservative as per my trading style.
  • Aggressive Stop Loss Can be maintained under the immediate swing low for traders who prefer minimum stop loss (though it would be risky and can be trigged in whipsaw movements)

Comments Welcome !!

Idées en relation

FourSTechnicalAnalysis
ESCORTS Range Breakout Momentum Positional Trade
FourSTechnicalAnalysis
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