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NeelamN

BankNifty View 11 Aug 2021

Long
Nifty Bank Index (NSE:BANKNIFTY)  
NeelamN  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading
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trendanalysis chartpattern indicator banknifty bankniftytrend bankniftytradesetup bankniftyanalysis bankniftytrading
Banknifty was unable to breakout of 36200 resistance decisively with confirmation followup
and was hovering at the same level for a some time before breaking down to make a higher low.
Considering this as a upward channel move, one may go long for targets upto channel resistance.

Contra view - If breaks the range below 35600, short covering may trigger targets uptill 35300 (gap support)

Happy Trading !!!
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