FourSTechnicalAnalysis

Momentum Trade Waiting to Happen

Long
NSE:BANKNIFTY   NIFTY BANK
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
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
Trade closed: target reached: Enjoy !!@!!

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