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UnknownUnicorn22711483
Jun 4, 2021 6:13 AM

bank nifty channel Long

Nifty Bank IndexNSE

Description

as we can see with red trend lines it is respecting rising channel . But if this channel is broken we can short for precise target of 34774.
Then one can long here for target of 36732 But there is also possibility that index will rise from lower line of channel .
I have shown both possibilities of reversals with two arrows and reversal candle with long lower wick is already in that means buyers taking control
good luck

Comment

near to target 36558 high made

Trade closed: target reached

finally hit our top trendline as target
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