BEARISH FLAG IN BANK NIFTY - TIME FOR A SHORT TRADE ?

12 พ.ย. 2024

Symbol - BANKNIFTY

CMP 51350

BankNifty has turned its trend from bullish to bearish & sideways making lows - lows on daily time frame & It was trading in a bearish channel. We can see a Bearish Flag pattern getting formed in BankNifty. Such patterns on larger time frame don't usually fail. BankNifty is currently trading near break down trendline of this pattern. Breakdown & sustaining below this trendline zone 51150 - 51000 will get this pattern activated & we can see big target towards downside.

Target on downside can be 47400

P.S. : My short position is already active from 51800





Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!

13 พ.ย. 2024

การซื้อขายยังคงดำเนินอยู่

CMP 51000

Holding short position. Holding with CTC SL.

13 พ.ย. 2024

บันทึก

CMP 50088

Short position 1712 rupees in profit. Holding with trailing SL.

19 พ.ย. 2024

บันทึก

CMP 50880

Retesting breakdown zone.
Time to add more shorts. Holding with trailing SL 51500

27 พ.ย. 2024

ปิดการเทรด ด้วยตนเอง

Closed with trailing SL at 50600

1200 points move captured.
I will enter again around 51800 - 52000, if getting those levels.