NIFTY BANK 07-OCT-2022 MARKET ANALYSIS
NIFTY BANK
NIFTY BANK provided perfect example of diversation strategy .
In this strategy market move in different way then RSI. Sometimes price move in upword direction but RSI move in down-word direction and opposite of it.
In today market moving in the zone and making lower - low and forming like triangle but nifty bank given breakout at 38927 in 15 mins of time frame.
After taking successful retest , anyone can take entry .
Entry = 38948
Stop - loss = 38836
1st Target = 39118
2st Target = 39236
Target was previous day low , and completed the target.
This only for learning purpose.
- Ss_Traders_09
NIFTY BANK provided perfect example of diversation strategy .
In this strategy market move in different way then RSI. Sometimes price move in upword direction but RSI move in down-word direction and opposite of it.
In today market moving in the zone and making lower - low and forming like triangle but nifty bank given breakout at 38927 in 15 mins of time frame.
After taking successful retest , anyone can take entry .
Entry = 38948
Stop - loss = 38836
1st Target = 39118
2st Target = 39236
Target was previous day low , and completed the target.
This only for learning purpose.
- Ss_Traders_09
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