Trade Proposal:
Market Analysis:
A short pattern and a bear trend may come in BankNifty after conducting a thorough market analysis.
Breaching the 40830 level after some consolidation may lead to further declines in BankNifty.
Entry Criteria:
A short position in BankNifty Futures will be created if the 15-minute candle closes below the 40830 level before consolidation and retest the resistance. Consolidation is important .Don't worry I will update when to take trade.
Stop Loss:
A stop loss of no more than 200 points will be placed to limit potential losses.
Target:
The target for this trade will be approximately 400 points.
Risk Management:
It is recommended to manage the risk accordingly by not risking more than 2 to 3 % of the entire capital on this trade.
Timeframe:
It may take a maximum of 2 to 3 days to reach the profit target. Regular updates on the trade will be provided via this platform.
Updates:
I will provide regular updates on the trade via this platform so do follow me and invites any questions or concerns in the comments section.
Thank you for considering this trade proposal, and the trader wishes you all the best in your trading endeavors