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balaji_damo
Nov 25, 2017 3:42 AM

Banknifty - Bearish Butterfly Short

Nifty Bank IndexNSE

Description

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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