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finalyticsbreweries

BANKNIFTY : Parallel channel Formation

Long
Nifty Bank Index (NSE:BANKNIFTY)  
finalyticsbreweries Updated   
NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Parallel Channel bankniftytrend bankniftytradesetup
5
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harmonicpatterns parallelchannel bankniftytrend bankniftytradesetup
BN is fluctuating in a ideal channel formation .
Channel bottom line is acting as a support on 21000.
Channel upper line is acting as a strong resistance on 23100.

BN has again took support of lower channel line and rising towards upper channel line on 23100.
Trade closed: target reached:
BN hit the top of the parrallel channel.
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