Here are the levels for bank nifty to trade for tomorrow intraday and mark these levels on the chart. on daily TF price made a inside candle pattern and wait for the price to break on the either side of the mother candle and price may move further to the breakout side. on the 1HR TF price formed a double top pattern and price broke the neck line and price is at the retest of the neck line. now the price is trading at the important level. and as u can see on the chart price exactly took support from the 0.618 fib level and trading higher and it might go up if the price closes above the neckline which is the red zone.
if the price trades above the red zone which is the high of the inside candle pattern and the neckline so then we can take the long trades above that level on the pull back with the volumes confirmation.
if the price breaks the trendline and on the retest we can take the short side entry with volumes confirmation and take the targets with respect to the fib levels 0.5,0.618.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.
if the price trades above the red zone which is the high of the inside candle pattern and the neckline so then we can take the long trades above that level on the pull back with the volumes confirmation.
if the price breaks the trendline and on the retest we can take the short side entry with volumes confirmation and take the targets with respect to the fib levels 0.5,0.618.
TIP: always buy the at low and sell at high.
Here I mention only the high probability trades only. as intraday trader you can have multiple entries and exits according to your setups.
DISCLAIMER: This is my own analysis and you do your own analysis before you take any trade and I am not SEBI registered and contact your financial adviser before taking any trades .I am not responsible for your profit or loss. This is only for educational purpose and learning.
comment below if you have any doubts.