Nifty Bank IndexLong
BankNkifty - Breakout post consolidation. Target 19250-19300
Updated
As mentioned in the previous posts as well, BankNkifty is looking strong. It has given a breakout post consolidation in the range of 18800-18970. Target 19250-19300. Keep stop loss at 18800 spot. for Intraday SL 50-60 points keep trailing and ride the rally.
Note
This chart is delayed not showing the breakout but price has closed above last week's high or the consolidation channel on 15 min chart.Note
Confirmation on the hourly chart.Note
Panic buying might take BankNifty to 19250 today itself in the last one hour.
Related publications
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.