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Nifty Bank Index
Long

BANK NIFTY BREAKOUT

By AMIT-RAJAN
Updated
Bank nifty seems bullish for coming sessions looking good to retrace for it's lifetime highs at least and if break that highs so then we can see a further momentum in it Rsi indicator is also giving bullish signals and it breaks a falling trendline resistance too so we can see it is a breakout although global indices and U.S Fed meeting in coming week will play a major role in this for it's further movement.

Cause of long-:

1- Falling trendline resistance breakout.

2- RSI indicator breakout.
Note
TODAY REACHED 41600 FROM 40400 ONLY 200 POINTS REMAINING FOR THE TARGET
Trade closed: target reached
MENTIONED TARGET REACHED TODAY
Chart PatternsHarmonic PatternsTrend Analysis
AMIT-RAJAN
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