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Nifty Bank Index
Long

BanKNifty - Medium Term Trade

By Arunraj_07
Updated
BankNifty broke out of consolidation followed by huge up-move which confirmed the up-trend. We have missed the ideal entry.
Entry given in chart is of fibonacci level which i am not sure if it will come.
Hence to re-enter wait for minor pullback.
Trade active
Trade activated. Market opened huge gapup which is 50% retracement of Fibonacci level. Hence trade activated @ 24870. Target as mentioned is 26615.
BANKNIFTYbankniftyanalysisbankniftylongbankniftyoptionsbankniftytradesetupbankniftytradingbankniftytrendbankniftyviewChart PatternsTechnical IndicatorsTrend Analysis
Arunraj_07
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