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Raj10
Dec 3, 2017 11:26 AM

BANK NIFTY...MAKE OR BREAK 

Nifty Bank IndexNSE

Description

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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