Consider Buying Bank Nifty at 50,438.30 using SMCWe have identified an opportunity to enter Bank Nifty at 50,438.30. This trade setup leverages the Smart Money Concept (SMC) and takes advantage of a Fair Value Gap (FVG) above a Demand Zone.
Trade Details:
Entry Price: 50,438.30
SL: 49,616.75 (-1.63%)
TP: 53,248.25 (+4.05%)
Fair Value Gap (FVG): An FVG represents a quick price move with little trading volume, often driven by institutional activity. It can serve as a support or resistance area, making it a strategic entry point.
Demand Zone: Positioned below the entry price, this zone indicates strong buying interest, suggesting that institutional investors may support the price at this level.
Stop Loss (SL): Placed at 49,616.75, just beneath the FVG, to limit risk at 1.63%. This safeguard helps protect against unfavorable price movements.
Take Profit (TP): Targeting 53,248.25, with a potential gain of 4.05%, aiming for a supply zone where selling pressure might emerge.
This approach is designed to align with institutional activities by identifying critical market zones. Always remember, trading involves risks. Stay updated and adjust your strategy accordingly. 📊💼
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