WaveTalks

Bank Nifty - Harmonic Sell -Look what pattern it is?

Short
WaveTalks Updated   
NSE:BANKNIFTY   Nifty Bank Index
14
Stops at 22021 - Bounce should be used to sell Bank Nifty for Target 21700 -Going below 21880 -Pressure will be seen.
Trade active:
13:30 Hrs 25th April2017

Last Price@21940

Alert was already made to exit long call which we took above 21980 & exited at 21990.

Maintain stops at 22026
Look for a bounce close to highs possible range 21970-22000 for selling at top with minimum risk -stops above 22026
Trade closed: stop reached:
14:20 Hrs 25th April2017

Last Price@22015

Day High@22040

Taken Stops at 22026 - Took sell on the bounce at 21980 -21990 with stops of 30-40 points.

After a longtime I have taken this stop- Just because got little disturbed. Apologies for that otherwise -we would have exited at cost or would have not taken this sell. Apologies once again because of personal reason.

Best Regards,
Abhishek H. Singh
​Growth Director - TradingView India

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