Bank Nifty Monthly Expiry for November 2024 - Study
Bank Nifty demonstrates potential for upward movement if it sustains above 52,250 for at least 15 minutes. In such a scenario, the initial target is 52,550, with a subsequent target of 52,750. These levels align with key resistance zones and present an opportunity for traders to capitalize on bullish momentum.
To manage risk effectively, the recommended stop-loss is a 15-minute candle close below 52,000, which signifies a breach of critical support. This strategy provides a well-balanced risk-to-reward ratio, supporting disciplined trading practices. Adhering to the outlined parameters will help maintain consistency in trading decisions.
Disclaimer: This is not a buy/sell recommendation. Shared only for Educational purpose.
To manage risk effectively, the recommended stop-loss is a 15-minute candle close below 52,000, which signifies a breach of critical support. This strategy provides a well-balanced risk-to-reward ratio, supporting disciplined trading practices. Adhering to the outlined parameters will help maintain consistency in trading decisions.
Disclaimer: This is not a buy/sell recommendation. Shared only for Educational purpose.
Note
booked partially at 52400
Trade closed manually
booked 50% at 52400 and booked rest at TSL 52330Note
T1 came but unfortunately after expiry.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.