Friday, September 5, 2014

BANKNIFTY PRICE ACTION—POSSIBLE TRADE


30 MIN CHART:-

image

  • Above 30 MIN CHART SEEE Previous supply showing in 30 MIN at 16177 and BANKNIFTY FACING RESISTANCE there. We should need the Confirmation on Small TimeFrame Chart.

3 MIN CHART :-

image

  • See in above chart we see SMALL SUPPLY is Created at No 1 and it again came at Point 2 where we taken Short at 16169 with SL above DAY HIGH… and we AIM for 1st TGT of 16125 which is the 2nd CANDLE which is the BIG GREEN CANDLE… so achieved that 1st TGT.


For Further Reading,
LOW RISK TRADE SETUPS, Price Action Trading, TRADE SETUP

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