rajender.kundhuri

Banknifty may 17th double top or M-pattern

NSE:BANKNIFTY   NIFTY Bank Index
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.
Comment:
Exactly bounced before our entry level. If it breaks 43814 we can see good fall till 43692
Trade active:
Tarde triggered
Comment:
Entered at 356 and now it is at 388
Comment:
we are close to our target 1
Comment:
we are getting rejection on Target 2.
Comment:
we reached all 3 targets and reversed exactly from our 3rd target
Trade closed: target reached

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