BankNifty opened with a minor gap-up and it faced resistance near our Buy level which was 34800, we bought 34700 PE at 255 which gave a good profit. In the second half, it broke 34800 levels and hit the first target as per the trade set-up.
BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks the triangle on either side.
Expectations for Tomorrow: Volatile day.
Resistance: 35040
Support: 34663
Intraday Levels:
Buy Above 34900
Sell Below 34600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
BankNifty is trading in a triangle pattern and the range is narrowing down, we are expecting a big trend move once it breaks the triangle on either side.
Expectations for Tomorrow: Volatile day.
Resistance: 35040
Support: 34663
Intraday Levels:
Buy Above 34900
Sell Below 34600
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
Note
Bought at 35050
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We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚨 BIG ANNOUNCEMENT for XAUUSD Traders! 🚨
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
We’re excited to launch our brand-new Telegram Support Channel dedicated to Gold (XAUUSD) trading! 🟡📈
t.me/investprogoldsniper
📲 Join now and invite your friends. Let’s grow and win together! 🌟
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.