NSE: BankNifty Intraday Chart 27-04-20

Day started with a drive above PDH which opened space for further upmove. Post 11am, momentum was missing. Tried a short trend trade with expectation of a profit booking but did not happen.

  1. Long Trend trade – PDH CPB entry.
  2. Short scalp trade – Counter trend CPB entry.
  3. Short trend trade – No profit no loss. Price was rejected at intraday high ( IDH). Expections of a profit booking move which did not happen.

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Rikk

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