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abhi.rus
Aug 16, 2019 11:48 AM

Trading Plan for the week. 

Nifty Bank IndexNSE

Description

This is a plan for my personal views on Bank Nifty. If you follow please do so at your own risk.

We have achieved targets as per old post. Taking a dig at time levels for bullish scenario, which may not follow :). Price levels are marked on chart.

It MAY fall to the pink bottom channel before rising again, however which will provide a good long opportunity with high Risk:Reward ratio. Above 28250, my expectation it would hit the upper end of channel. Watch for channel breakouts(might give a false breakout).
Comments
protrader1969
Good analysis. I also think that, come Monday, BNF may drop to 27800 before rising again.
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