inteliigentrader

BANKNIFTY forming a bullish flag pattern

Long
NSE:BANKNIFTY   Nifty Bank Index
There is a strong probability of Nifty Bank breaking the current trend and a huge upward movement will be the result of this. After the movement, it will face resistance at 32335 level. 32286 level will be broken, so entry in the range of 32280-32290 is recommended. This will have a risk to reward ratio of 1:1.02.

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.