Bank nifty Range Break possibilities.
アップデート済
Bank nifty is stuck in a range. either side break can trigger a sharp move.
on weekly & Monthly chart it is still positive.
Below is weekly chart. As it is still above 20 SMA view is positive.
Risk Traders can go long here as Bank nifty is available at lower end of the range by keeping stop loss ( day low ) below the lower end of the range & today there is a big lower wick.
If the range breaks on downside, avoid if there is massive gap down or big fall & wait for pull back to short. Be quick to book profits at below given trend lines. as overall structure is positive.
Overall my view is still positive. Because there is not a structural breakdown on long term charts. Weak structure & Price stability below 20 SMA on weekly chart will be a caution sign for me
on weekly & Monthly chart it is still positive.
Below is weekly chart. As it is still above 20 SMA view is positive.
Risk Traders can go long here as Bank nifty is available at lower end of the range by keeping stop loss ( day low ) below the lower end of the range & today there is a big lower wick.
If the range breaks on downside, avoid if there is massive gap down or big fall & wait for pull back to short. Be quick to book profits at below given trend lines. as overall structure is positive.
Overall my view is still positive. Because there is not a structural breakdown on long term charts. Weak structure & Price stability below 20 SMA on weekly chart will be a caution sign for me
ノート
Those who entered at lower end of the range, can book profit as we are at higher emd of the range.ノート
Still rangebound 😆
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。