NiftyBank key levels for Feb 28, 2024
Updated
Overview:
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published on tradingview
Link for yesterday’s levels, you can check it yourself :- https://www.tradingview.com/chart/BANKNIFTY/1Z7DI1N8-NiftyBank-key-levels-for-27th-Feb-2024/
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY
Resistance Levels:
- Refer chart and red lines
Support Levels:
- Refer chart and green lines
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
Always use stop-loss orders to protect against adverse market movements.
Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published on tradingview
Link for yesterday’s levels, you can check it yourself :- https://www.tradingview.com/chart/BANKNIFTY/1Z7DI1N8-NiftyBank-key-levels-for-27th-Feb-2024/
Here are the key levels to watch for potential entry and exit points in
BANKNIFTY Resistance Levels:
- Refer chart and red lines
Support Levels:
- Refer chart and green lines
Trading Strategy:
- Long Position:
Consider initiating long positions near support levels only after reversal confirmation for potential upside movement.
- Short Position:
Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement.
Risk Management:
Always use stop-loss orders to protect against adverse market movements.
Consider position sizing based on risk tolerance and account equity.
Disclaimer:
These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Thanks
Trade closed: target reached
- Bank Nifty touched the first resistance at 46721.- Gave a perfect reversal signal (tweezer top)
- Algo picked it on time and we booked 450 points in Banknifty PE.
- It Took support at Extended Support 2
And we EXITED IN BIG PROFIT
Enjoy
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Thanks
algopulse.ai
Nivesh Labs
🔥 t.me/AlgoPulse_ai_Trade
Thanks
algopulse.ai
Nivesh Labs
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.