Bank Nifty Trade Setup (07-June-2023)
This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal.
All indices are range bound from and only give risky trades no clear directions. and boring price action i avoided trading due to work and whenever i checked there was no movement in price.
If there were no gaps there could be good setups as price is in Ascending triangle and rejecting Resistance and take trendline support.
Support is placed at 44140, 44000.
Resistance is placed at 44500,44240.
For tomorrow's setup:
1.) If opens flat and takes support at 44240 for target of 44500.
2. if there are any gaps will only trade if there will be good setup. on lower TF.
No trades if there will be another range bound action.
All indices are range bound from and only give risky trades no clear directions. and boring price action i avoided trading due to work and whenever i checked there was no movement in price.
If there were no gaps there could be good setups as price is in Ascending triangle and rejecting Resistance and take trendline support.
Support is placed at 44140, 44000.
Resistance is placed at 44500,44240.
For tomorrow's setup:
1.) If opens flat and takes support at 44240 for target of 44500.
2. if there are any gaps will only trade if there will be good setup. on lower TF.
No trades if there will be another range bound action.
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