I got banned for posting short description :)
I'm back now.
Anyways, It looks like BankNifty is Weak. Traditional Technical Analysis shows a break and retest, however, GANN Analysis along with basic Price Action shows that there is a good potential to get about 500 Points on the downside.
I'm back now.
Anyways, It looks like BankNifty is Weak. Traditional Technical Analysis shows a break and retest, however, GANN Analysis along with basic Price Action shows that there is a good potential to get about 500 Points on the downside.
Note
Adjusted SL to 50 points away from Entry.. Now Zero Risk TradeTrade closed manually
Exited with 520 Points in the Bank :)
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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.