eternallearner

SIGNALLING STRENGTH

Long
NSE:BANKNIFTY   Nifty Bank Index
After today's move, bk nifty almost broke out of a trading range of last 5/6 days with upper boundary @34000.Today it gaped down,but filled the gap successfully which is a sign of strength.RSI also formed bullish H/S. So bank nifty is buy above 34000. For me sl approx 400 pts,target 1000+ pts. Standard disclaimer: this is my personal view,not a trading recommendation.Apply due diligence.Thanks.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.