NeelamN

BankNifty View Friday 13 Aug 2021

Long
NSE:BANKNIFTY   NIFTY BANK
Bank nifty price has travelled almost 61.8% of recent dip, although did not cross 36000 (sign of caution)
It has made a bearish flag like pattern, if breaks down, bearish targets. (levels given in chart)

Also, Price has given a good volume bullish candle on 15 min chart.
Chart Pattern seen is inverted head and Shoulder, breakout and retest given, although tomorrow's price action will matter.
Trade what you see as they say.... :)

Otherwise, if no breakouts or breakdowns, may give a range bound day....

Happy Trading !!!

Comments

Bank Nifty 18August expiry
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