BankNIFTY DOwntrend Movement with Risk:reward 3.1

24 Mar 2023

#BankNIFTY DOwntrend Movement with Risk:reward 3.1
Bank Nifty analysis
Time frame 4 hours
what is the analysis?
Why downtrend?
will analyze the conditions for a down trend
First, we will check the moving average condition, then Volume and RSI.

Let us summarise the downtrend movement of Banknifty:
Analysis is downtrend movement /sell a call with risk to reward ratio of 3.3 with SL 40431 and a target we can expect upto 36600

Hope our analysis is adding value to your TRADING JOURNEY N I WISH U a BRIGHT FUTURE IN TRADING. HAPPY TRADING.
NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.