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Bank Nifty Trading Plan with Trendline Breakout
Nifty Bank Index
Long
Bank Nifty Trading Plan with Trendline Breakout
By shroffakshar
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Aug 26, 2024
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Aug 26, 2024
We have observed a trendline breakout in Bank Nifty. Based on this breakout, one can consider planning a long position with the following targets:
Target 1: 51,500
Target 2: 51,800
Target 3: 52,000
Target 4: 52,500
Important Note: If this breakout turns out to be a fake, the index may sharply reverse and move downwards.
Candlestick Analysis
Trend Analysis
Trend Lines
shroffakshar
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