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SumukhK

BANKNIFTY Downtrend Channel Broken

Long
Nifty Bank Index (NSE:BANKNIFTY)  
SumukhK Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns
1
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trendanalysis chartpattern
Downward channel broken in BANKNIFTY - one can go long with closing basis stoploss of 33600 on daily closing basis
NOTE - Consult your financial advisor before any investment decision on this study
Comment:
BANKNIFTY is trading below stoploss of 33600 - clear sign that the it will be back in the trading channel - today's closing below 33500 will be confirmation to close trade - review around 3.20 - 3.25pm
NOTE - Consult your financial advisor before any investment decision on this study
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