Raj10

BANK NIFTY...MAKE OR BREAK

NSE:BANKNIFTY   NIFTY BANK
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IF IT BOUNCES OF FROM THE CURRENT LEVEL AFTER CONSOLIDATION IT MIGHT TEST THE PREVIOUS HIGH....ON CONTRARY BREAKING 25150 COMFORTABLY WILL PUSH THE PRICE ACTION TOWARDS 24800 , CLEARLY THERE IS A UPTREND CHANNEL PRESENT AND 24800 FORMS A SUPPORT SO UPTREND WILL RESUME FROM THESE LEVELS ,BREAKING 24800 WILL PUSH THE PRICE TO FIBO 0.618 RETRACEMENT 24520 ( CURRENTLY THE 200 EMA VALUE )
Trade active: short side
Comment: move stoploss cost to cost....
Comment: Close to first target
Trade closed manually: Closed out @ 24830

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