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vanathi

Bank Nifty - Analysis for Dec 13

Nifty Bank Index (NSE:BANKNIFTY)  
vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Parallel Channel
21
0
parallelchannel
Buy above 43720, stop 43660, targets 43800, 43920 and 44040. Sell below 43600, stop 43660, targets 43520, 43440 and 43320.
Comment:
All time high. Expecting pull back towards 43800. Should sustain 43800 - 438430 to move up further.
snapshot
Comment:
Price had pull back, tested the given level and gave upmove of 90 pts so far.
Comment:
At channel resistance.
snapshot
Trade active:
Long.
Comment:
T2 done. Channel resistance.
snapshot
Comment:
Nice trade set up. High : 43983 Low : 43767
snapshot
Trade closed: target reached
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