BANKNIFTY 01 AUG Educational Post-Momentum Trading Picks

31 ביולי

1. The Index encountered several rejections around the drawn level, leading to a significant correction in price.
2. Eventually, it found support near the level and began to climb upwards.
3. During this upward movement, a Bullish emerged in the options price chart, suggesting a potential continuation of the trend.
4. Following a breakout, the price trended upwards with a minor pullback before recently achieving a breakthrough with strong volume support.


#Execution only after break and close above or below from resistance or support 15-minute candle.

#Stop Loss above or below from resistance or support 15-minute candle.

(S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support)

(This Analysis and idea is based only on support and resistance mechanism, Buy after resistance break and close above sell after support break and close below, Closing below resistance after trade will be stop loss likewise closing above support will be a stop loss after trade)

NOTE- Only for Education Purpose. This is not any kind of Trading advice I am giving by this analysis.

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