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srikartiram
Jan 25, 2021 9:42 AM

BANKNIFTY | Strong support with RSI divergence (BANKBEES) Long

Nifty Bank IndexNSE

Description

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BANKNIFTY | Strong support with RSI divergence

CMP : 31125
Support : 30800
Target : 31700, 32600

PS : Its an excellent dip, if you are worried about F&O (like me 😃) utilize this dip to accumulate BANKBEES 5-7% scope is there upside in couple of days

Comment

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W Pattern / Double bottom

Comment

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Trade closed: stop reached

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Trade closed: target reached

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SL Hit, taken again target reached :)
Comments
rodger3489
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telugu guy?
srikartiram
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@rodger3489, Telugu speaking Tamil guy :)
sandeep1437
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@srikartiram, is you analysis is right
rodger3489
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@srikartiram,ok andi
thanks for reply
Rv-The-Trader
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What should be entry criteria and what should be safe to moderate Target on bees?
srikartiram
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@Rv-The-Trader, Hi - BANKNIFTY has 7 to 8% stream even from here. It is a strong support now, I see the risk reward is good its about 1:4 setup. BANKBEES is harmless, when FII deployed more than 1.50 lakh crores in 3 months continuesly there is no point talking about crash or trend reversal here. Bull markets are always like this they won't go in one stretch, when it corrects it corrects slightly higher.

Rv-The-Trader
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@srikartiram, great point of view thanks sir!
sandeep1437
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@srikartiram, are you sure
UnknownUnicorn8852749
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Class B Divergence....Trade with caution.
srikartiram
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@SuperTraderJP, In all the trades we have risk and reward. How does it explicit for class B alone? If anything specific please share your chart in comment section so we all can learn.
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