BANKNIFTY Short Entry – BIG Targets Await!We’ve entered a short trade on BANKNIFTY based on a clear bearish signal at 51733.25. The setup looks strong, and we're now awaiting the targets to hit.
Key Levels
Entry: 51733.25 – Initiated as bearish momentum took hold.
Stop-Loss (SL): 52155.40 – Positioned above the entry to manage risk.
Take Profit 1 (TP1): 51211.50 – First target expected to be reached soon.
Take Profit 2 (TP2): 50367.25 – Next key level to watch.
Take Profit 3 (TP3): 49523.00 – Anticipating continued selling pressure to hit this target.
Take Profit 4 (TP4): 49001.25 – The ultimate target in this short trade.
Trend Analysis
The price is moving decisively below the Risological Dotted Trendline, confirming a strong downtrend. All indicators suggest that the targets are within reach as selling pressure builds.
This is going to be a high profit trade if it works out as per the chart. But, let's be ready for rude surprises and have the trailing stop at 51,748 in worst case scenario.
