BANKNIFTY looks like it might break out Long

Nifty Bank IndexNSE

Description

⋅ Jan 4, 2021 4:51 AM

The index has breached the Parabolic SAR on the 15 min timeframe and looks like it might move up. Another test of 31400 should be bought with a stoploss below 31300 for an immediate target of 31800.

Trade closed: stop reached

⋅ Jan 4, 2021 5:30 AM

Comments

askarsaidu19

⋅ Jan 4, 2021 5:00 AM

i think it will break down

scalp3r240

⋅ Jan 4, 2021 5:31 AM

@askarsaidu19, Hahaha yes! It indeed has broken down. Initial analysis intact!