Nifty Bank Index
Updated

Bank Nifty - Nov 15

1009
When price is moving inside a channel, movement will be choppy unless it gains momentum.
Pattern : Channel
Range : Medium.
Trend strength : Normal.
Buy Above : 43840.
Stop Loss : 43760.
Targets : 43920, 44020, 44120, 44200 and 44340.
Sell below : 43640.
Stop Loss : 43720.
Targets : 43560, 43480, 43400 and 43300.

Expected expiry day range is 43400 to 44100.

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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Note
Once again trying to test the upper trend line of the channel. snapshot
Note
Nice move. Testing the trend line. snapshot
Note
44190 - 44240 is the trend deciding zone. At channel support. snapshot

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