vanathi

Bank Nifty - Feb 28

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Price moved along with the trend line today and now it has broken it, consolidation range is forming. Trend deciding zone is 46580 - 46620.
Pattern : Trend line break out.
Range : Medium.
Trend strength : Normal.
Buy Above : 46620.
Stop Loss : 46540.
Targets : 46700, 46780, 46860, 46940 and 47040.
Sell below : 46400.
Stop Loss : 46480.
Targets : 46320 ,46240, 46160 and 46040.

Check the live market updates.

Hit the like button to Rock !! Show some energy !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
No trend strength. Inside the range.
Trade active:
Short.
Trade closed: target reached:
Done. All targets.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.