#Asian Paint

#JSW Steel at breakout zone

#Appollo Tyre inside candle All time High zone

Photo from B@b@R

#ICICI Bank

💥💥 Banknifty Supertrend Retracement Strategy 💥💥


What is Supertrend Retracement Strategy??

Like & Share Please 🙏🙏

Here's a 🧵

Banknifty Supertrend Retracement Strategy

Instrument Needed
👉 Banknifty Future in 3 min Time Frame.
Or
👉Nifty Future in 3 min Time Frame

Indicators
👉Vwap
👉 Supertrend (10,2)
👉 Volume ( Draw a horizontal line at
50k- Banknifty
125k- Nifty.

For CE or Call Buy

If Banknifty Future is Moving upwards with volume (more than 50k)

We Can Buy CE
Condition
Price>ST>VWAP

Now don't buy at a higher price.
Wait for the price to come near the ST.

Retracement should be with low volume

If Retracement happens with large volume

Ignore that Trade.
Means more than 50k volume.

Now,
If Retracement happens with less than 50 k volume

Open Option Strike chart also.

Place order
1 lot at ST
1 lot 10 points above ST
1 lot 20 Points above ST

Stop Loss

If a candle close below Supertrend
Exit ur Position.

For PE or Put Buy

If Banknifty Future is Moving downwards with volume (more than 50k)

We Can Buy PE
Condition
Price<ST<VWAP

Now don't buy at a lower price.
Wait for the price to come near the ST.

Retracement should be with low volume

If Retracement happens with large volume

Ignore that Trade.
Means more than 50k volume.

Now
If Retracement happens with less than 50 k volume

Open Option Strike chart also.

Place order
1 lot at ST
1 lot 10 points above ST
1 lot 20 Points above ST

Stop Loss

If a candle closes above Supertrend
Exit ur Position.

NR7 move possible..Keep eyes above 3950 and below 3850

#Adani Ent👆

LT closes above 2080 level...at All time high

#Grasim...nearest resistance 1830..

#Appollo Hospital

L&TFH +2.13%

Add these in watchlist for long term

#Hindustan Unilever

#HDFC Bank

#SBI Bank

#Hindustan Unilever

Apollo Tyres Breakout