BANKNIFTY has closed on a negative note with almost 0.9% cut and formed Evening Star candle after the Doji formed yesterday. Last day we planned to sell below 34665. It got triggered at 10 o'clock when a 5 Min candle closed below. This trade gave a move from 34665 till 36343 which was 1:1. Actual target was near 34300.
Coming to tomorrow's trade setup, index has made a base at 36335-50. So if a 5 Min candle closes below 36335, we will short for the target of 36175-90. Next target will be near 36000.
If a 5 Min candle closes above 36580, we will long for the target of 36700 and 36825-50.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.