Bank nifty possible levels for 28/08/2020

Opened gap up, triggering upper level on first candle only, but due to big candle, safe players should wait for retracement, and aggressive players should enter with half of candle as SL, which got hit.

For tomorrow 28/08/2020, keep below levels on radar.

Comments

Post a Comment

Popular posts from this blog

Banknifty Levels for 22/06/2020

Image
As we talked in previous post, about 19/06/2020 levels, BN (Bank Nifty) gave 4 good R:R trades at our upper levels. As shown below, let's go to lower time frame as our upper level touched in hourly time frame. Above trade was for breakout traders, as we talked in previous blog and 1:1.5 & 1:2 both targets achieved. Retracemnt traders should wait for our price to come to our level again after breakout, which price did in below picture. Price again came to our level and made hammer; activating retracement trade after price close above our level, which happened after 1 candle and 1:1.5 achieved.   When again price came to our level and broke it, so breakout traders could short below candle and 1:2 achieved again. Retravement traders also got entry after 2 upside candles failed to break their previous candles' highs. 1:1.5 achieved for retracement short seller traders. So overall 4 trades were generated and...
Read more

Bank nifty possible levels for 25/08/2020

Image
BN opened gap up, above levels, so no trades (according to levels only!😉), aggressive traders could have gone long with half of opening candle as sl. For tomorrow 25/08/2020, keep below levels on radar. (And if someone wants to start full automatic algo trading in India, then check out below platform) Full Automatic Algo Trading In India  
Read more