Nifty Bank Structure 30min timeframe

A matured Trend channel (upward sloping) is ongoing in Nifty Bank after some consolidation. The trend as can be seen from the structure is beginning to lose steam as of now. Important Support and Resistance levels are marked for reference. Be careful of not to trade in the middle of the channel as these areas tend to get noisy and hard to interpret. Rather focus on the structural locations. Use the confluence of structures for high probability entries. October can be tricky.


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