Here are the levels for bank nifty to trade for tomorrow intraday. on weekly TF price formed strong bullish engulfing candle. and on the daily TF is bullish and still the price has some space to move up. here the price is range and on friday price had break the range. so we can have bullish trades. still the price is not in RSI over brought zone still some space is there to move and on the 5min and 15min TF price formed the hidden bullish hidden divergence. so will plan for tomorrow trades.
if the price opens gap up wait for the pull back and according to the price action we can take trades. if the price open flat or small gap down and if the price comes down to the 43650 level then if the take support from that level then we can take the bullish entry on the formation strong bullish pattern , with the volumes confirmation.
for short trades if the price break down the support (43350 level or the PDL) down wards then we can take the short entry and from here price can fall so fast because here the buyers are trapped so we can see fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price opens gap up wait for the pull back and according to the price action we can take trades. if the price open flat or small gap down and if the price comes down to the 43650 level then if the take support from that level then we can take the bullish entry on the formation strong bullish pattern , with the volumes confirmation.
for short trades if the price break down the support (43350 level or the PDL) down wards then we can take the short entry and from here price can fall so fast because here the buyers are trapped so we can see fall.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
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.