BANKNIFTY WEEKLY CHART INDICATING HIGHER LEVELS
ASCENDING CHANNEL WITH A STEEP TRENDLINE
-index has the potential of testing 40000
-i even more optimistic on banknifty my target is in the range of 42500-43000
-expect extension on the upside
-once the previous all-time high is taken out one can expect 38500-39k in short-term
-base building is on
-expect ruppee/inr to appreciate in the near future
NOTE THIS TRADE IS BASED ON POSITIONAL VIEW
TRADE ACCORDING TO RISK APPETITE
BANKNIFTY FUTURES (SEPT/OCT)
BUY@36700-36800
STOP@34800
TARGET-1@38200
TARGET-2@38920
TARGET-3@39500
PLEASE NOTE:-
I AM EXPECTING HIGHER LEVELS
BUT WILL RAISE MY TRAILING STOPLOSS
AS THE MOVE PROGRESSES
I HAVE SEEN IN THE PAST THIS KIND OF PATTERN BREAKOUT ARE HUGE
IF ANALYSIS IS RIGHT THEN EXPECT 40K TILL DIWALI
-index has the potential of testing 40000
-i even more optimistic on banknifty my target is in the range of 42500-43000
-expect extension on the upside
-once the previous all-time high is taken out one can expect 38500-39k in short-term
-base building is on
-expect ruppee/inr to appreciate in the near future
NOTE THIS TRADE IS BASED ON POSITIONAL VIEW
TRADE ACCORDING TO RISK APPETITE
BANKNIFTY FUTURES (SEPT/OCT)
BUY@36700-36800
STOP@34800
TARGET-1@38200
TARGET-2@38920
TARGET-3@39500
PLEASE NOTE:-
I AM EXPECTING HIGHER LEVELS
BUT WILL RAISE MY TRAILING STOPLOSS
AS THE MOVE PROGRESSES
I HAVE SEEN IN THE PAST THIS KIND OF PATTERN BREAKOUT ARE HUGE
IF ANALYSIS IS RIGHT THEN EXPECT 40K TILL DIWALI
Trade active
1000 POINTS TILL NOW HOPE ALL ENJOYED
Trade closed: target reached
first target hit in bankniftyTrade closed: target reached
SECOND AND THIRD TARGET HIT
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