NeelamN

BankNifty View 11 Aug 2021

Long
NSE:BANKNIFTY   NIFTY BANK
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 !!!

Comments

Superb analysis
Reply
NeelamN NK-PK
@NK-PK, Thank You... To motivate please continue liking and sharing your views and how you are planning your trade... let's start the discussions...
Reply