Symmetric Triangle on Bank Nifty and it may break either side. BNF having limited upside due to EMA 50 lying on near to 18395, so price trend is downside. However, this triangle may break either side. "Safe Trade"
Trade (Spot Price)
Long:
Buy above - 18335
Target - 18395
Stop Loss - 18285
Reward Points - 60
Risk Points - 50
Short
Short below - 18280
Target 1 - 18225
Target 2 - 18185
Stop Loss - 18335
Reward Points - 95
Risk Points - 55
-Happy Trading-
Trade (Spot Price)
Long:
Buy above - 18335
Target - 18395
Stop Loss - 18285
Reward Points - 60
Risk Points - 50
Short
Short below - 18280
Target 1 - 18225
Target 2 - 18185
Stop Loss - 18335
Reward Points - 95
Risk Points - 55
-Happy Trading-
Trade active
Comment:
Broken on downside...
Comment:
Short call activated...
Trade active:
Target 1 - 18225 Achieved
Trade active:
BNF heading to final Target of 18185
Trade closed manually:
Target 2 not made today... Closing my recommendation.