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Nifty Bank Index
Updated

Short term trade setup

55
Banknifty trading near the trendline formed in Jan 2022. If there is going to be a reversal here, it may take support at 50MA - 37740. If this trendline is broken upside, target should be the over the multi year trendline marked.

This post is for learning purpose. Analyze before doing any trade.
Trade closed: target reached
kugan_vel
Chart PatternsTrend AnalysisWave Analysis

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Chart PatternsTrend AnalysisWave Analysis
kugan_vel

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.