Nifty Bank IndexLong
Bank Nifty Monthly Expiry for November 2024 - Study
Updated
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.
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