I post my trading analysis here for educational purpose which includes my trading setups based on Trend from structural pivots, trend lines, RSI and other technical analysis tools.
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Thursday, 16 October 2014
Bank nifty Long/buy trade as per 5 minute chart
Hi,
We have taken long trade in BankNifty over the high of 11.35 bar on the 5 minute chart as shown in the image below.
Reason behind the trade is same that we got pivot after the breakout of the trend line.
Please refer to chart image below and ask me in case of any doubt.
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