BANKNIFTY TREND ANALYSIS FOR 26 JULY 2022 - TRADE WITH QMN
PICTURE OF TECHNICAL VIEW - BANKNIFTY 1D
FIRST STRATEGY WITH FIBONACCI RETRACEMENT -
IMPORTANT NOTE - BANK NIFTY IS NOT BREAKING RESISTANCE OF FIBONACCI RETRACEMENT AND MANUAL SUPPORT, THAT'S WHY THE GROUP OF TRADE WITH QMN IS BEARISH IN BANKNIFTY ON TUESDAY 25.
LET'S SEE HOW TO TRADE TUESDAY WITH THIS SUPPORT AND RESISTANCE.
FIRST STEP - BE PATIENT TILL 9.30AM TO PREDICT MARKET SIDE.
SECOND STEP - AFTER 9.30AM, DRAW FIBONACCI RETRACEMENT ON DAILY TIME FRAME.
THIRD STEP - IF MARKET IS BEARISH TILL 9.30 THEN ENTER IN BEST PUT OPTION
(SELECT BEST PUT OPTION FROM NIFTY OPTION CHAIN).
FOURTH STEP - KEEP YOUR TARGET OF FIB.0.236(35752.10).
FIFTH STEP - MAINTAIN YOUR STOPLOSS OF 36820.00.
RISK REWARD RATIO
JOIN OUR TELEGRAM CHANNEL FOR DAILY UPDATES..!
ALL ANALYSIS IS FOR EDUCATION PURPOSE ONLY.
SECOND STRATEGY WITH DOJI CANDLESTICK -
IMPORTANT NOTE - BANKNIFTY CLOSES WITH DOJI CANDLE, THAT'S GREAT CLOSING FOR INTRADAY TRADERS. LETS SEE HOW TO TRADE DOJI CANDLE IN BANKNIFTY TUESDAY.
FOLLOW THESE STEPS TO GET EXCELLENT PROFIT FROM THIS (DOJI) STRATEGY.
FIRST STEP - DRAW A HORIZONTAL RAY TO THE TOP AND BOTTOM OF DOJI CANDLE.
SECOND STEP - WAIT FOR BREAKDOWN / BREAKOUT OF DOJI CANDLE.
THIRD STEP -
SET TARGET OF 37270 ( IF BREAKOUT )
SET TARGET OF 36180 ( IF BREAKDOWN).
FOURTH STEP - KEEP STOPLOSS OF 10 POINTS ONLY FROM ENTRY LEVEL.
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