Reasons for Long:
1) About to give an inverse Head and Shoulders breakout from major Resistance zone.
2) Bank NIFTY trying to catch up with NIFTY 50 in uptrend.
Entry - Upon Breakout of Resistance with good volume (double the average volume). Ideal entry 528 to 530.
SL and Exit - Can trade with 1:1 RR ratio.
Note: Watch Bank NIFTY closely for it's trend.
1) About to give an inverse Head and Shoulders breakout from major Resistance zone.
2) Bank NIFTY trying to catch up with NIFTY 50 in uptrend.
Entry - Upon Breakout of Resistance with good volume (double the average volume). Ideal entry 528 to 530.
SL and Exit - Can trade with 1:1 RR ratio.
Note: Watch Bank NIFTY closely for it's trend.
Trade active
Trade closed: target reached