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DSKF16
May 23, 2018 9:42 PM

BANKNIFTY: Is DIP Closer to an END? Long

Nifty Bank IndexNSE

Description

Bounce Level : 25610
Crucial Reversal Level 25490. (Closing basis)
CUP & Handle Pattern.
Near Short Term Trend Line (as Support)

Keep in Mind:
#1. Closing is Near Fib R 0.50 of "KF"
#2. LOW is Median of Parallel Channel.


Std, Disclaimer: Education Purpose Only. Taking Trade decision Consult Fin. Advisor.

Comment

achieved TGT #2: 26014.78

Trade closed: target reached

made high 27164.55

Above TGT #5 26972.05
Comments
theshamik
very good analysis..now what u expect? this rally should continue i believe till 26500 as 26500 has huge resistance in terms of call writers
DSKF16
@theshamik, Before 26500 some Levels are here. 26105 (Minor), 26147 (Strong), 26207 - 26242 (Hurdle Zone), 26366, 26502 (Optimum)
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