Nifty Bank Index

Banknifty may 17th double top or M-pattern

By rajender.kundhuri

Updated

Banknifty forming double top(M pattern)

Buy above 44005(39900 CE) Target 44132, 44282, 44395,44468
Sell below 43814 (43900 PE) Target 43691,43579,43465.

if banknifty opens a gap up it can open at 44044
If banknifty opens gap down then it can 43784
most probability is banknifty might open flat and possibility it can go up to 43691 level and take support from there.

Note

Exactly bounced before our entry level. If it breaks 43814 we can see good fall till 43692

Trade active

Tarde triggered

Note

Entered at 356 and now it is at 388

Note

we are close to our target 1

Note

we are getting rejection on Target 2.

Note

we reached all 3 targets and reversed exactly from our 3rd target

Trade closed: target reached

rajender.kundhuri

Raj

t.me/intradaylegendcommunity

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