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It's bank nifty 15 min chart.
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It's 60min chart of bank nifty,Still it's a bullish pattern in banknifty market in this situation can go for short-covering ,Open gap-up and taking a support right now if it make a price action for up side then it can cross today high.
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As the market going to open a big gap down, whenever big gaps create in the market I generally trade in less qty so don't rush for the trade wait for price action then trade min on 5 min time frame.
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good morning everyone.
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Adani group stocks I warn you all in the old videos if a stocks go in 90 angle move or sharp upmove it may crash, now I hope everyone understood my point.
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In video clearly mentioned the level for sell in bank nifty, 34800 with only 200 sl , mentioned please practics this as the market is in range good risk-reward trade already it gave 1:2 profits.
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http://partners.fyers.in/AP0231 ,Now open fyers account with this link
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https://zerodha.com/open-account?c=ZMPYBD , Now you can open zerodha account with this link
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Be careful In Andani Group stocks today don't take huge risks and if you are in long then start to trail your sl to the profits zone.
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Chart pattern learning lesson -5 In this above chart of reliance, from 1990 level it moves directly to 2200 level with strong bullish candle and now it's holding upper level this look like a pole and flag pattern as this pattern if it breaks 2220 level then upmove may resume. Note:-Always remember all setup or pattern may fail as per probability so plan your money management accordingly.
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good morning every one.
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Volatility in banknifty is very high those who are in buying strict sl should be on the last swing.
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Till Now Bnf Trading in a small range, break out on either side 100-200 points momentum can happen.
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In Bank nifty spot if it break the swing in upper side then 35800 ce chart patterns also looks good day low will be sl always take care of your risk first then take trade.
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Chart pattern learning lesson -4 The above chart of bank nifty in 15 min chart if it break the swing upper side it will become bullish , it is a bullish chart pattern .
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For those who missed it, watch the above video it will help you to understand how prices move and how to do analysis in multiple time frames.
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