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natarajanshankar

Banknifty Intraday-11 May 2021 (Triangle Pattern)

Nifty Bank Index (NSE:BANKNIFTY)  
natarajanshankar Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Wave Analysis bankniftytradesetup BANKNIFTY bankniftytrading bankniftyview bankniftyoptions
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trendanalysis chartpattern waveanalysis bankniftytradesetup banknifty bankniftytrading bankniftyview bankniftyoptions
Execute Long above 33300 and Awesome Oscillator should cross the trend line in upside with 15 mins candle close. This is for Double confirmation. Index stuck between 33000 & 33300. Don't take any fresh positions inside this Range bound zone.

Execute Short below 33000 with 15 mins candle close. Index looks bullish. Risky players can buy Call options near 33000 as its the strong support zone (As per Open interest).Strong Resistance is at 33500.

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Disclaimer: Kindly do your own analysis or consult your advisor before taking any trade. This view is for educational purposes only.
Trade closed: target reached:
Short target achieved successfully
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