BANKNIFTY is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes.
LONG ABOVE : 34927
SL : 33937
TGT 1 : 35917
TGT 2 : 36907
One can also wait for a pullback on a lower time frame and enter on the continuation of trend after that pullback.
All explanation and levels marked on chart.
A long trade can be initiated on the daily timeframe . Enter only when price sustains above the entry level for 15 minutes.
LONG ABOVE : 34927
SL : 33937
TGT 1 : 35917
TGT 2 : 36907
One can also wait for a pullback on a lower time frame and enter on the continuation of trend after that pullback.
All explanation and levels marked on chart.
Trade active:
BANKNIFTY has given an upward push towards target 1 and is pausing before continuation.
Trade active:
Barely missed reaching target 1 on 6th, 7th and 8th July. Steadily moving towards target 1 after recent pullback. Should possibly take out target 1 this week.
Stay tuned. :)
Stay tuned. :)
Trade closed: target reached:
Target 1 finally reached at 35917 on 15-07-21 after a wait of 18 trading sessions, patience pays. :)
Keep watch for target 2, for a loss free trade, the stop loss can be trailed to cost now.
Keep watch for target 2, for a loss free trade, the stop loss can be trailed to cost now.