As per the chart above we can see that bank nifty is facing resistance and is also nearing its trend line support.
A Breakout is awaited on either side to take a position.
One should wait for it. For educational purpose only.
Trade active
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As per the trade initiation levels marked in the pic, Bank Nifty gave upside break out From the levels of 29,905......bank nifty is now trading at 30,275.