Momentum Trade Waiting to Happen

Jul 29, 2021

BANK NIFTY is indicating towards a directional move in the coming sessions

• Descending Channels OR Pitchfork OR Mean Reversion seen
  
• A decisive close above 29 July Open should indicate beginning of a short term up-trend
  
• All Levels are marked on the charts
  
• Cautious traders can wait for a decisive breakout above 35000 or Retest of 34800 RANGE (after breakout)
  
  
• This is only an analysis and not any indication of TIP or Recommendation for taking and trades
  

Aug 3, 2021

Trade active

ALL who may have missed this , wait for a retest of the support or the channel TOP for initiating LONGS. SL of not more than 75 points

Aug 5, 2021

Trade closed: target reached

Enjoy !!@!!