BANK NIFTY is overall bearish (short-term) trading inside this falling red channel but since it is approaching a strong round number 30k, we will be looking for following buy setups.
Our upper red trendline is already valid but the buy is not ready to go yet! Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, BANK NIFTY would be overall bearish can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Our upper red trendline is already valid but the buy is not ready to go yet! Before we buy, we want the buyers to prove that they are taking over again. You don't want to buy a bearish market right?
Trigger => Waiting for a momentum candle close above the gray area to buy.
Meanwhile, until the buy is activated, BANK NIFTY would be overall bearish can still trade lower.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.
Trade Made Simple
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
RichTL.com
Instagram:
instagram.com/richthesignalyst
Telegram
t.me/thesignalyst
Best CFD broker - Tickmill
cutt.ly/TickmillReal
CFD Broker - TradeNation
cutt.ly/GrTivmRC
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.