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Nifty Bank Index

BANKNIFTY next weekly expiry view

By OptionBreakout
Updated
On hourly chart it's clearly visible a symmetrical triangle formation in BANKNIFTY spot price. Closing above 36800 on hourly basis may bring the range 37000-37300 plus by next weekly expiry on 02/09/2021. Stop loss will be 35500 on hourly closing basis. Due to high volatility and relative weakness in banknifty one must be proactive and alert while initiating fresh trades.
Happy trading :-)
Note
please take 36800 as 35800 given above...sorry for the mistake
BANKNIFTYindexSymmetrical TriangleTrend Analysistriangularbreakoutweeklyexpiry
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