MonsterOptions

BANK NIFTY SYMMETRICAL TRIANGLE WITH OPTIONS TRADING STRATEGIES

NSE:BANKNIFTY   NIFTY BANK
Bank Nifty Symmetrical Triangles in Monthly TF.

May's Range: 36,400 - 38,600
Bullish: >38,600
Bearish: < 36,400
Short Strangles recommended for May Expiry given the low VIX .

Good Luck!
Comment: Compare the two BNF triangles.
1) Yellow triangle, the price was sticking to resistance line before breakout.
2) White triangle the price is sticking to support line.

Can we expect a breakdown in May?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.