Clearly, We can seen the strength & momentum gain on the charts of Banknifty. We can take the long entry after the BO level as marked in the charts at the level of 22090 for the 1st target of 22300 & once successfully cross this level our 2nd target to book the profit is 22566. So after checking the market conditions & global view will try to take the long entry in the index .RSI is also showing bullishness & stock now trading above the 20 EMA level.
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Always do trading as per your Reward to Risk ratio means Never risk more than you can afford to lose on a single trade. Please keep patience & wait for the levels means Sit and wait for the right opportunity. Request to like & follow for more such ideas of technical analysis learning.The idea sharing is for educational purpose only. In case any suggestion advice required feel free to ask .
Comment:
Gap opening all targets smashed.