#banknifty analysis for 3rd Sep:-
#banknifty analysis for 3rd Sep:-
Yesterday's sell-off was not followed up by another sell-off and dips were bought in, due to extreme bullishness the correction got over with a 500 point fall and the setup is perfect to breach ATH by next week.
SL for positional long :- 36,200 Target is ATF+500 min ( 38,000 to 38,200).
People did question last night's bearish analysis? The analysis was based on what was visible on the chart and the correction got over much before expected in the morning and status update for the ABC correction over and recommendation for long was posted at 11:45 AM both on trading-view and on social media. We traded long whole of 2nd half on 36,600 CE and went with 37K CE as BTST.
The price is dynamic and we need to react to the situation to adjust.
Regards,
SG.
Yesterday's sell-off was not followed up by another sell-off and dips were bought in, due to extreme bullishness the correction got over with a 500 point fall and the setup is perfect to breach ATH by next week.
SL for positional long :- 36,200 Target is ATF+500 min ( 38,000 to 38,200).
People did question last night's bearish analysis? The analysis was based on what was visible on the chart and the correction got over much before expected in the morning and status update for the ABC correction over and recommendation for long was posted at 11:45 AM both on trading-view and on social media. We traded long whole of 2nd half on 36,600 CE and went with 37K CE as BTST.
The price is dynamic and we need to react to the situation to adjust.
Regards,
SG.
注释
Higher TF analysis:-in.tradingview.com/chart/xTsTNPtT/
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这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。