Symmetric Triangle on Bank Nifty - Neutral

Nifty Bank IndexNSE

Description

⋅ Dec 18, 2016 1:47 PM

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 active

⋅ Dec 19, 2016 3:49 AM

Comment

⋅ Dec 19, 2016 3:49 AM

Broken on downside...

Comment

⋅ Dec 19, 2016 3:50 AM

Short call activated...

Trade active

⋅ Dec 19, 2016 3:53 AM

Target 1 - 18225 Achieved

Trade active

⋅ Dec 19, 2016 4:12 AM

BNF heading to final Target of 18185

Trade closed manually

⋅ Dec 19, 2016 10:03 AM

Target 2 not made today... Closing my recommendation.

Comments

jayanandha

⋅ Dec 18, 2016 1:55 PM

Hi Raj,

Thanks for sharing this information.

Regards,
jayanandha

raj3elite

⋅ Dec 18, 2016 2:52 PM

@jayanandha, Welcome brother....