BNF Next Moves - positional Long
Please refer to earlier ideas on BNF - Target 1 achieved, reversed from Target 1, couldn't breach SL. Now what next
NASDAQ and DOW futures are on ATH levels, Results season is on
The hypothesis is that when global markets are at an all-time high and Indian banks are publishing results soon. Market movers would very much like to take this opportunity to take BNF to new highs
SL - 34300
Target - 37200
risk-reward is very much favouring longs - do note its a positional trade
The analysis is based on certain hypotheses, so if Global markets come down heavily on profit-taking from ATH - it will hit SL very quickly
These are the levels that I would be trading
Safe Trading
NASDAQ and DOW futures are on ATH levels, Results season is on
The hypothesis is that when global markets are at an all-time high and Indian banks are publishing results soon. Market movers would very much like to take this opportunity to take BNF to new highs
SL - 34300
Target - 37200
risk-reward is very much favouring longs - do note its a positional trade
The analysis is based on certain hypotheses, so if Global markets come down heavily on profit-taking from ATH - it will hit SL very quickly
These are the levels that I would be trading
Safe Trading
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