Classic Rising Wedge in Bank Nifty
** Be Extremely careful with your entry ** (For Educational purpose only)
Trade activates only post 43200 breaks on the downside.
RnR would be great when (If) this trade activates, Targets are the respective lower highs of the wedge.
IMPO was expecting a upmove today, which did happen in the morning. Entered 43200 CE and existed the trade already at 43450 which was the trendline resistance for the day. But not happy with the the current movement in the market, it lacks conviction and seems like a trap now.
Will go long only after 43600 huddle is crossed with conviction.
Trade activates only post 43200 breaks on the downside.
RnR would be great when (If) this trade activates, Targets are the respective lower highs of the wedge.
IMPO was expecting a upmove today, which did happen in the morning. Entered 43200 CE and existed the trade already at 43450 which was the trendline resistance for the day. But not happy with the the current movement in the market, it lacks conviction and seems like a trap now.
Will go long only after 43600 huddle is crossed with conviction.
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