Boult2100
Long

BankNkifty - Breakout post consolidation. Target 19250-19300

NSE:BANKNIFTY   NIFTY BANK
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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.
Jan 15
Comment: 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.
Jan 16
Comment: Confirmation on the hourly chart.
Jan 16
Comment: Panic buying might take BankNifty to 19250 today itself in the last one hour.
So the Bank nifty will go up today upto 19200? what should be the stop loss now.
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Boult2100 venkaticr
@venkaticr, BankNifty may or may not go upto 19250-300 today but it is the next logical target. SL For positional traders 18850 BN fut, for intraday 18990 or 50 points from the top trailing.
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