May 1, 2020

BANKNIFTY buy signal

- buy signal generated on daily charts with kplswing indicator (N=20)
- breakout bar is very small and is a doji
- signal has come just before resistance of 22000

- I will consider a buy only on close above 22000
- SL 10 bar low approx at 19000
- you can also 2 ATR SL ... this will be atleast 2200 points from recent close
- choice is yours

- note prev sell signal was hugely profitable so chances of this signal failing are high




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