The wild Banknifty, Intraday Risk/Reward play for 27Nov,19

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So some fellow traders said, ohh so your zones are just a support and resistance areas of previous day. So nothing special there

Well you can try that and maybe it will work for a day or two in a week... but can you really get that exact touch and reverse in those areas almost every single day??
Can you really trust those regions with your Stoploss, like I do?? (sl hit and then reverse doesnt really happen to me as often it happens to most out there)

and what about the risk to reward?? can those methods statically show a 1/3 or 1/5 Risk to Reward on average??

Uwaga

In the zone, but avoid shorting. expected to be choppy

Uwaga

Short, sl at 31870/31872

Uwaga

target nearest lower zone

Uwaga

move sl to cost, doesnt look very promising

Uwaga

my sl, strictly now at 31855 (relatively on fut)

Uwaga

low of 31820, (this is not a zone method trade, was testing a new indicator on nifty. so a trade relatively on banknifty)

Uwaga

as there is no setup involved, its safe to book the current profit. This was just taken on an indicator basis. ( currently more than 1:1 even under worse case scenario)

Transakcja zamknięta: osiągnięto wyznaczony cel

Uwaga

Unable to get an intraday view on markets, otherwise this was a good entry. Also timing is favorable too, around 12.30 IST we can get good swing.

Uwaga

second opportunity :)
now even nifty looks favorable (also even nifty is in the zone now)

The_RedTicker

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BANKNIFTY Intraday Risk:Reward play, for 26Nov, 19

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