kharsh23

Bank nifty Ascending Triangle breakout

Long
NSE:BANKNIFTY   NIFTY BANK
As we can see 20410 was upper resistance, while in consolidation volume was low, made higher low ,
Break out with burst of Volume , as prior trend was upward, its continuation pattern
Trade active: Target is 21100
will Book partial profit on the target.....
2 days to observe for target...
& as per derivatives indicated in last 15 min, tomorrow it will be gap up at least 100 points.....
fingers crossed....
Comment: ohh.. gap up ? couldn't find it ....
My mistake... oops...
but what a rally after 1.30 p.m. BNF really run like anything.....
Tomorrow target will reach.......

Comments

Nicely explained. Good luck!!
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