BANKNIFTY - expecting a Reversal in upcoming session(s)
Updated
Expecting BNF to reverse around the RED line, due to completion of a Bearish gartley and nearing the monthly trendline, which coincides with an 0.886 of XA.
Can be entered around 20900 Spot, with an SL above 21250 (about 30 points above X) and TGT1 at 20300, TGT 2 at 20000
Disclaimer: These are just my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in Banknifty spot price chart
I had previously published about banknifty few hours back, but doesn't seem to be published. Therefore re-uploading the same view slightly edited.
Can be entered around 20900 Spot, with an SL above 21250 (about 30 points above X) and TGT1 at 20300, TGT 2 at 20000
Disclaimer: These are just my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
Note: All the values given are in Banknifty spot price chart
I had previously published about banknifty few hours back, but doesn't seem to be published. Therefore re-uploading the same view slightly edited.
Trade active
One lot short @ CMP (around 20785 spot)Trade active
One more lot added for shorting @ CMP (around 20905 spot)Trade closed: stop reached
Exited at open price @ 21600 Spot.Loss: 750 Point about
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