Box Breakout in BANKNIFTY
Updated
BANKNIFTY finally broke the upper resistance of the box that was there for a while. Good time to go long. It may retrace to the upper level of the box before going any further so be aware of the same since doji has formed. Keep this in mind and keep looking at price action.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and ICICI Bank have finally become strong. They can be bought for medium to long term as well. Kotak and HDFC seem weak.
Note: Post only for education purposes.
Now, upper targets are open for the week:
Target 1: 32140
Target 2: 32460
Axis Bank and ICICI Bank have finally become strong. They can be bought for medium to long term as well. Kotak and HDFC seem weak.
Note: Post only for education purposes.
Trade closed: target reached
Target 1 reached, exactly 32140. If anyone followed this trade could have easily gained 735 points.
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