Bank Nifty can be bought at current levels as it is under formation of bullish H&S pattern. At current levels of 21500, the Reward/Risk is 7:1, an extremely compelling case to take a long trade with SL below 21000 and target 25000!
The one-time loan restructuring news for banks will be good trigger for the upmove to commence.
Trade closed manually
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Although the expected pattern did not play out, the risk reward was good at the time of entry which is giving over 1100 point gains.