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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.