Hello traders,
After so many days, I'm back with posting a really wonderful idea that might help you a lot.
This is chart of banknifty 30 min tf and the levels act as perfect support and resistances which where spotted+tested 50 times in intraday trades.
I usually use this for SL and targets, and less time for entries. use 3-5 min tf to take the most advantage of these levels
these levels have a accuracy of about 94.5% according to tests.
The diagonal 2 lines which are longterm trendlines , which might help if it gives breakout and we might earn money from there as well.
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.