HS pattern spotted in BankNifty

27 Mar 2023

I have identified a short pattern in Banknifty that can be observed in the chart provided above. Banknifty has recently broken down from a head and shoulders pattern while also breaching through a channel. It's crucial to note that I do not recommend taking this trade due to its high-risk nature. Instead, kindly view it as an educational trade.

I personally have taken a short position on Banknifty at 39580, with a stop loss set at 39820, and a maximum target of 38800. However, I want to stress that due to the high-risk involved, I strongly advise against taking this trade.

In the event that you do decide to trade, I recommend that you only trade with 1/3 of the risk you would usually take on a typical trade. It's worth noting that I am not a financial advisor, and all trades should be made at your own risk.

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27 Mar 2023

Not

so guys we are 200+ points in profit in banknifty but target is yet to come so i am holding bnknifty fut with hedge for complete target as it is a swing trade.

28 Mar 2023

Not

so i am closing my position at cost

28 Mar 2023

Not

closed at cost as there are chances of upside movement in banknifty.

28 Mar 2023

İşlem elle kapatılmış

trade closed at cost because there are some chances of gap up and volatile day a head.