HS pattern spotted in BankNifty
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.
If you're interested in staying updated on future trade alerts, kindly follow me.
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.
If you're interested in staying updated on future trade alerts, kindly follow me.
הערה
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.הערה
so i am closing my position at costהערה
closed at cost as there are chances of upside movement in banknifty.העסקה בוטלה באופן ידני
trade closed at cost because there are some chances of gap up and volatile day a head.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.