Banknifty Buy Formation nowTime to Buy Banknifty now and Targets mentioned in chart. Hope you enjoyed previous Trades posted in my profile.
Banknityintraday
Bank nifty: Price Behavior and Reactions NSE:BANKNIFTY
Learn from such minute price behaviors. Watch point 1 marked in chart, Price is not closing below this line for the whole one hour (this is 15 minute candle) Means either someone is accumulating at particular level or someone doesn't want price to go below this level. In either way price is protected at that level. The reaction price swiftly moved above from those levels.
Watch point 2 again the price is behaving similarly as mentioned in point 1 at FVG region. Price is not willing to close below the FVG lines line. Reaction an swift up move.
For those who don't know what is a FVG is see the example inserted picture or go through my earlier post bank nifty lower time frame trading strategy (link attached below)
You can see this price behavior across the time frame even at 1 minute. What explained here is a bullish structure and the bearish structure is just opposite of this.
Go through NIFTY or BANK Nifty chart at any time frame and find such price behavior as a home work.
Good luck
BANKNIFTY BUDGET INTRADAY 1, Trade In the Zone
2. WHen Vix Goes down Do short Strangle
3. Trade with strict Stop loss
