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iPrashantStock

Banknifty Analysis for 13 April 2022 - Breakout Trade Intraday

Short
Nifty Bank Index (NSE:BANKNIFTY)  
iPrashantStock Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns breakout BANKNIFTY
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trendanalysis chartpattern breakout banknifty
BANKNIFTY

BankNifty is in range from the last 5 days, so there is a probability that it will can breakout anytime soon.
It touches 37900 multiple times and today it closes near 37800 so breakout is possible.

Buy above 37900 for target upto 38200.


If it opens gapdown then look for pullback and if it breaks 37500 then selling could come upto 37100.

Good luck!
Comment:
Same for 18th April intraday trade. Because it is still in the range.
Flat opening - Sell below 37400 with 5 min candle high SL and Target = 37200.
Gap up - Wait for price action because it can still be in the range due to gap up.
Gap down - Sell on any pullback for the target 37000.
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