Hello everyone, I have identified a short pattern in Banknifty, which can be seen in the chart above. Banknifty has broken down from a head and shoulders pattern, as well as breaking through a channel. I want to make it clear that I do not recommend taking this trade as it is very high risk. Instead, please view it as an educational trade. I have personally shorted Banknifty at 39450 with a stop loss at 39814, and our potential target is a maximum of 38600 with a partial target of 38960.
I want to emphasize that due to the high risk involved, I strongly advise against taking this trade. However, if you do decide to trade, please only trade with 1/3 of the risk you would take in a normal trade. Please note that I am not a financial advisor, and all trades should be made at your own risk.
If you're interested in receiving more trade updates, please follow me.
I want to emphasize that due to the high risk involved, I strongly advise against taking this trade. However, if you do decide to trade, please only trade with 1/3 of the risk you would take in a normal trade. Please note that I am not a financial advisor, and all trades should be made at your own risk.
If you're interested in receiving more trade updates, please follow me.
Comment:
any question ask me in comment section??
Comment:
exited in slight profit now as there are chances of gap up on monday
Comment:
we create this position on higher level or a possible retest .
Trade closed manually:
trade closed for now manuaaly in slight profit