tRex88

BANKNIFTY trade setup

NSE:BANKNIFTY   NIFTY BANK
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.
Comment: Bank Nifty made a low of 24151 so far.
We will keep a close watch on the charts to go short below 24150
Comment: Buy trade activated!

T1: 24850
T2: 25000
T3: 25180

SL: 24230
Trade active
Trade active: T1: 24850 achieved
Trade closed: target reached: T1: 24850 achieved
Comment: Bigger channel bottom might now act as a resistance. Lets wait and watch if Bank nifty can successfully break it through


Comment: BankNifty made a high of 24994.3 today.
Missed our T2: 25000 by almost 6Rs today
Trade closed: target reached: T2: 25000 achieved
Trade active
Comment: Trail SL to 24580
We can now afford to trail our SL to 24580, in profit zone, after booking 500 points profit!
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