Description
⋅ 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.