Nifty Bank IndexUpdated BANKNIFTY trade setup
Banknifty is in a crucial territory between a trend line and a channel bottom.
We will go for buying above 24500 or short below 24150. Until our trade is triggered we will wait and watch
Targets and SL will be updated once trade is triggered. Keep watching this space for more info.
We will go for buying above 24500 or short below 24150. Until our trade is triggered we will wait and watch
Targets and SL will be updated once trade is triggered. Keep watching this space for more info.
Note
Bank Nifty made a low of 24151 so far. We will keep a close watch on the charts to go short below 24150
Note
Buy trade activated!T1: 24850
T2: 25000
T3: 25180
SL: 24230
Trade active
Trade active
T1: 24850 achievedTrade closed: target reached
T1: 24850 achievedNote
Bigger channel bottom might now act as a resistance. Lets wait and watch if Bank nifty can successfully break it throughNote
BankNifty made a high of 24994.3 today. Missed our T2: 25000 by almost 6Rs today
Trade closed: target reached
T2: 25000 achievedTrade active
Note
Trail SL to 24580We can now afford to trail our SL to 24580, in profit zone, after booking 500 points profit!
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