Hey everyone,
My analysis in Banknifty in 1h T.F market move a sideways 27-01-2023 to Today.
lets talk about trade 1st trade a downside view banknifty a 40300 level a good support level when bank nifty break this level go short and make target previous support =39700.
Upside view wait for market previous high break go upside because 1% gap fill this area= 41288 target .
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Md Faiz
My analysis in Banknifty in 1h T.F market move a sideways 27-01-2023 to Today.
lets talk about trade 1st trade a downside view banknifty a 40300 level a good support level when bank nifty break this level go short and make target previous support =39700.
Upside view wait for market previous high break go upside because 1% gap fill this area= 41288 target .
Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action work near that level.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Md Faiz
Trade closed: target reached
Trade closed: target reached