Bank Nifty (2 hrs) : Spot

Date 06.10.2024
Bank Nifty
Timeframe : 2 Hrs

Remarks :

1 Completion of Wave 4
2 Target Wave 5
3 Support extension of Rsi & support trendline
4 plot 200 ema at 2 hrs timeframe & treat that as support & resistance filter
5 Internal waves of 5 is shown for your understanding & swings to deal with
6 Risk reward ratio is better on long side
7 By chance any gap down near 786%, grab immediately for longs
8 Lastly if open flat then trade inside bar strategy at 2 hrs timeframe

Regards,
Ankur