Bank Nifty Trading Strategy for 29th July'2020 Long

Nifty Bank IndexNSE

Description

⋅ Jul 28, 2020 8:25 PM

#BankNifty as discussed yesterday was weak and took support from trendline around 21,600.

One cycle was complete of elliot wave ( 21,027 to 32,112 - 5 wave & 32,112 to 21,615- 3 wave).

Use buy in dip stargetgy for a target of 22,363 / 22,540 / 22,791 SL 21,615.

Trade what you see not what you feel, enjoy trading.

Trade active

⋅ Jul 29, 2020 7:11 AM

tradingview.com/chart/xTsTNPtT/

#banknifty is moving as expected.

Trade active

⋅ Jul 29, 2020 10:07 AM

#banknifty made a high of 22340 near our first 22,363.

Comments

dharrmeeshpatel

⋅ Jul 29, 2020 6:14 AM

Superb timing sir

rupeshrohane07

⋅ Jul 29, 2020 1:54 PM

Sir app super Analysis hay ✍👌Thanks

Trade_with_yash

⋅ Jul 28, 2020 8:29 PM

I'm expecting same buy on dip in banknifty 👍

subhagghosh

⋅ Jul 28, 2020 8:35 PM

@Trade_with_yash, I support your view, cheers.