miraniy98

BANKNIFTY Rangebound set to breakout

Long
NSE:BANKNIFTY   NIFTY BANK
BANKNIFTY has shown a pole and flag pattern on 1 hour time frame and has been rangebound for a while now. If 36200 level is broken on hourly time frame we could see a good move due to short covering. I would go for next week options and play it for Risk to Reward perspective of 1:3 from BANKNIFTY (Target 37000, SL 35750)
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