Today BankNifty closed below the Trend line / Channel of Daily Timeframe which was started in January which is a sign of trend change and price may go more downside.
As per the today price action (lower low and lower highs) the selling was continue after each rise,
So as per the price action and trend change price is indicating sell on rise market.
So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade.
Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade.
Note: Its just an analysis, wait for the price to confirm.
Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
As per the today price action (lower low and lower highs) the selling was continue after each rise,
So as per the price action and trend change price is indicating sell on rise market.
So for minimal risk and better risk:reward if price starts moving upwards and taking reversal near 51500, then we can enter for sell trade.
Otherwise if any candle close below today closing price(which act as immediate support/resistance) 51250, then we can also enter for sell trade.
Note: Its just an analysis, wait for the price to confirm.
Disclaimer: Always follow risk to reward, this is the only key to success in market, no matter how much good a trade is looking we never know the future.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。