Reasons for Long:
1) Start of an uptrend with Bank NIFTY moving up and made a new Higher Low at Major support.
2) Breakout and Resistance breach with volume double the average and further buying with above average volume.
Entry: Enter on Monday after open or can wait for retracement to the Support.
SL: Have strict 1:1 RR upon entry.
Note: Follow Bank NIFTY and verify the trend.
1) Start of an uptrend with Bank NIFTY moving up and made a new Higher Low at Major support.
2) Breakout and Resistance breach with volume double the average and further buying with above average volume.
Entry: Enter on Monday after open or can wait for retracement to the Support.
SL: Have strict 1:1 RR upon entry.
Note: Follow Bank NIFTY and verify the trend.
Trade closed: target reached:
2 targets were reached.