Bank Nifty - 1 hour time frame aspect!

A parallel channel is visible for upcoming sessions. Trading the ranges is always beneficial.

Comment:

Short around 47181

47100 PE at 440 to 470 approx. Target = 705, 755 & 805
SL - Jiska jitna Kshamta!

Comment:

At No. 4 a hunt for bullish reversal can be done and then can go for long around 46285+/-

46300 CE at 300 approx. Target = 705 to 745*
SL = Jiski Jitna Kshamta!

*Instead of acting in real market, better Observe and practice in Paper trading.

Trade active:

Entered???

Comment:

if opening is broken down expect sudden fast movement downside.

Trade active:

591 se wapas gir sakta hai PE

Trade active:

591 se wapas gir sakta hai PE

Comment:

46900 PE

Trade active:

If 46900 PE pulls it above 600 properly. 705 is the next and last target. Then find opportunity for Reversal and Not in further PE.

Comment:

504 aonother opportunity

Comment:

Stil Considering this point of view. Not bearish so far!

Comment:

A Green Doji in 15 min Time Frame! Also, at no. 4. Can it be a reversal sign?

Comment:

Yes it was, but this adamant middle line of parallel channel not allowing the prices to move up, Gap Up can destroy this range!

Comment:

Lower line of Parallel Channel got hit. if the low of the hitting candlestick is crossed anytime consider bearish marke ahead, if not then time for go LONG!

Trade closed: target reached:

Channel crossed down side! Trip Over! Full of challenges and expectations! And It was great, 47100 PE did really well.