vanathi

Bank Nifty

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Price is moving in channel. And also it is at important zone 49000. Channel move is tricky to trade and also market will be volatile as the election result is coming soon. Trade carefully.
Pattern : Channel.
Range : Medium.
Trend strength : Normal.
Buy Above : 49020.
Stop Loss : 48940.
Targets : 49100, 49180, 49260, 49380 and 49440.
Sell below : 48820.
Stop Loss : 48900.
Targets : 48740 ,48660, 48580 and 48520.

Check the live market updates.

Hit the like button to Rock !! Show some energy !!

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.
Comment:
Range formation.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.