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Nifty Bank Index
Long
Updated

BANK NIFTY LONG.

161
BANKNIFTY is steadily moving upward, continuously making higher lows. It seems to be resuming its upward trend after the current pullback.
A long trade can be initiated on the daily timeframe.

LONG ABOVE : 35317
SL : 34917
TGT 1 : 35717
TGT 2 : 36117

All explanation and levels marked on chart.
Note
Stop loss hit. Waiting for a new continuation candle on this setup, trend is still bullish.
Trade closed: stop reached
Tradeception_
Also on:
BANKNIFTYbankniftyanalysisbankniftytradesetupbankniftytrendbankniftyviewChart PatternsTechnical IndicatorsTrend Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BANKNIFTYbankniftyanalysisbankniftytradesetupbankniftytrendbankniftyviewChart PatternsTechnical IndicatorsTrend Analysis
Tradeception_
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.