koolshanin

BANKNIFTY Trendline trading strategy

Long
NSE:BANKNIFTY   NIFTY BANK
Bank nifty was trending down from the new high made now. it has successfully broke the Trendline and confirmation come when the test of the same was acknowledged by a hammer candlestick pattern. now can test the highs of the minor channel running.

CMP 19555
SL 19252
Target 20300
Reward 745
Risk 303
ROR 2.5
Comment: SL hit in bnf