Via TradingView Ideas
BANKNIFTY KEY LEVELS FOR 09/09/2024
Nifty Bank Index NSE:BANKNIFTY
nandupk
**Explanation:**
This trading system helps you avoid blind trades by providing confirmation for better entries and exits. It considers volume, past prices, and price range.
**Entry/Exit Points:**
- **Entry/Exit Lines:** Use the GREEN line for long trades and the RED line for short trades, based on confirmation from your trading plan.
- **Stop Loss:** For long trades, set the stop loss at the RED line below. For short trades, set it at the GREEN line above.
- **Take Profit:** For long trades, target the next RED line above. For short trades, target the next GREEN line below.
**Timeframe:**
Use a 5-minute timeframe for trading.
**Risk Disclaimer:**
This setup is for educational purposes. I'm not responsible for your gains or losses. Check the chart for more details.
Continue reading at TradingView Ideas ยป
