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vanathi
Feb 27, 2024 10:18 AM

Bank Nifty - Feb 28 

Nifty Bank IndexNSE

Description

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.

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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.
Comments
rkbatra1308
You are providing a nice analysis. Good Luck
vanathi
@rkbatra1308, Thank you.
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