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Inder_Jagarwal

Banknifty in parallel channel

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Inder_Jagarwal  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns LONG NIFTY BANK niftybank BANKNIFTY nse BSE index
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trendanalysis chartpattern long nifty bank niftybank banknifty nse bse index
BANKNIFTY
bank nifty is in parallel channel, wait till the market comes @ sopport area(lower parallel line) the you can go long, with good R2R ratio, stoploss would be plased below the support line.
But don't SHORT the market @ Resistance line(upper parallel line) because market is in uptrend, so try to cath the Dips
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