05th Jul Banknifty Review
Trade logic of 05th Jul 2022 Bank nifty Chart Setup: I use only Bank nifty indices (Spot) chart i never use the bank nifty options chart (or) bank nifty Futures chart I use only 5 min time frame i never use other time frame like 3 min, 1 min or Higher time frame 15 min & 30 min To mark the 1st 5 min candle high and low All above 3 points are set after that only i planned for trading Indicator : I use the Camarilla Pivot point indicator "R3" & "S3" (Only the Resistance 3 & Support 3) 1st Trade: Today market open with green candle At 09.40am candle break the 1st 5 min candle high but next candle is red so not perfect pattern At 09.50 Am Green cane take a support at 1st 5min candle high and next candle also green open and close above 1st 5min candle high so it's called perfect 1st 5min candle high breakout pattern Entry candle is 10.30Am candle Traget is next resistance Gap border high of 13th Jun Stop loss was below 09.50 am candle lo...