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balaji_damo

Banknifty - Bearish Butterfly

Short
Nifty Bank Index (NSE:BANKNIFTY)  
balaji_damo Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Harmonic Patterns Chart Patterns
5
0
trendanalysis harmonicpatterns chartpattern
BN has formed a bearish butterfly pattern in D chart. This has already reached T1 as per the set up.

It has also formed a bullish flag breaking that will take BN to 26500.

So maintain strict SL

Go short at or below 25730 with SL at 25925 for T1 - 25617 T2 - 25522 T3-25427
Trade closed: stop reached:
SL - Hit
Comment:
Reentry hit T1
Comment:
Made low of 25533
Trade closed manually:
All targets reached
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