If the BankNifty futures chart exhibits a Bearish Engulfing candlestick pattern in a 5-minute timeframe, I will buy the weekly ATM put option as soon as the next candle opens. The stop loss for this trade will be set at 70 points, while the target profit will remain at 200 points.
@Market_Monarchs Check out the image below to learn how to create the condition:
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