Reason for shorting:
As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal).
It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786.
Time Frame: Weekly
Stop Loss: Above ATH (51130)
Targets: Mentioned in the chart
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
As per Elliott Wave theory, Bank Nifty has completed the 1, 2, 3, 4, 5 moves, and wave 5 went up in a contracting triangle ED (Ending Diagonal).
It has completed a degree, and now we are expecting a correction. Based on Fibonacci retracement levels, our minimum targets are 0.618 and 0.786.
Time Frame: Weekly
Stop Loss: Above ATH (51130)
Targets: Mentioned in the chart
Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
手動でトレードを終了しました
As we mentioned yesterday in the comment section, it was a good decision to exit early for a small loss at 50,300 instead of waiting for 51,130. The long position is already 800+ points in profit.Please refer to the comment section for the detailed message.
Be an adaptive trader; there should be no emotional attachment to trades.
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免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。