Risk-to-Reward Play - BANKNIFTY INTRADAY for 21NOV,19

Updated

Hello everyone. Anyone who's following Zones and have any doubts, kindly mention them in the comments below. Will try to solve as much as possible.

Check historical ideas on my profile for examples

Note

no trades so far

Note

unlike yesterday, the offset with banknifty today is higher than expected. nifty can be traded. But I am avoiding bknifty for the time being.

Note

cautious, BUY at Cmp with sl below zone.

Trade active

cautious, BUY at Cmp with sl below zone

Note

Sl under worse case for entry in the zone is around 10-12 points, more than 1:1 has already shown on the chart. but since its weekly expiry, iam going for atleast 1:2 or 1:3 or sl hit. May even give 1:5 or more.

Note

Momentarily closed below the zone, also below the trendline and now back at it. Technically, sl of 12 points hit. That's how one trade the Zones, keep playing T20 until market says 'oh, lets make it a one day'.

Showed more than 1:1 on screen before sl hit and more than 1:5 after sl hit (under worse case scenario).

Trade closed manually

Note

No more trades.

The_RedTicker

Also on:

Related publications

Risk-to-Reward Play - BANKNIFTY INTRADAY for 20NOV,19

by The_RedTicker

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.