BANK NIFTY | Just another possibility

Could fall to 24000 IF the index manages to form H&S and confirms it (not ruling out the possibility of an open above 25K on Monday). Let's wait and watch.

Trade attivo:

Going short now.

Commento:

Shorts gotta watch out for trendline support. It's better to shift stops to enter if you're carrying short or alternatively liquidate shorts and re-enter if trendline is taken out.
Also, we can go long on with tight stop once the price hits the trendline so that we could capitalize on the up move if trendline support holds.

Trade chiuso: obiettivo raggiunto:

24000 hit