BANK NIFTY DOWNSIDE 600 POINT (SHORT TERM)
If given opportunity by the market to execute trade tomorrow,
One can short for target of 26035 and Stop loss 26865.
(If market allows to enter but not at current level, then trader is free to improvise, for an idea the stop loss can be taken down to latest minor swing high at 26700 in case entry is significantly lower than recommended range)
A small report worth reading : https://tradersworld.co.in/2018/12/05/are-we-in-a-bear-market/
Twitter : https://www.twitter.com/Vashisht_
One can short for target of 26035 and Stop loss 26865.
(If market allows to enter but not at current level, then trader is free to improvise, for an idea the stop loss can be taken down to latest minor swing high at 26700 in case entry is significantly lower than recommended range)
A small report worth reading : https://tradersworld.co.in/2018/12/05/are-we-in-a-bear-market/
Twitter : https://www.twitter.com/Vashisht_
Nota
1. Stop loss level is decided with retracement (Blue) from high of 6th december candle to low of 3rd december candle.2. Traget is decided with retracement (Red) from low of 26th Oct candle to high of 3 Dec candle
A way which i like to use quiet often.
Nota
**CORRECTIONThe last line (Fib retracement starting point) has been left blue, by mistake.
It is a red line forming part of retracement measurement from 26th Oct-3 Dec
Trade fechado: objetivo atingido
Aviso legal
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