This is good for Entry purpose, for exit also it can be used but profit might be less. It is suggested to use one of the below method for exit
Price & Based Analysis
( for Index ( Nifty & BankNifty is not available on Tradingview. Investing.com can be used for the same.)
If need more information on any of the above method, Please comment i will share more information on this either on tradingview or could be on the yourtube video.