letslearnmarkets
Short

Bank Nifty - Flag Breakdown ?

NSE:BANKNIFTY   NIFTY BANK
BnF looks like it just broke the support of the small channel that was made between 27120 and 27180.
See the first two candles and decide whether to go long or short. The Risk-Reward in short is much better than long side. So, i go for Short.
If it breaks 27090, on the 10 min candle, gap filling followed by fresh shorts (In the volatile market that we have, with high VIX ) would take it down to our target! A good profit is on the cards, don't miss it.

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Kindly consult your consultant before taking any positons.
Trade closed: target reached
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