After today's move, bank nifty is on the verge of breaking out of last 5/6 days trading range with upper limit@34000.It has the potential to go to the upper trend line.RSI also formed bullish H/S. So for me ,it is buy on Monday Morning with 400 pt sl &1000+pt tgt. Standard disclaimer:this is my personal view and not a trade recommendation.
After today's move, bk nifty almost broke out of a trading range of last 5/6 days with upper boundary @34000.Today it gaped down,but filled the gap successfully which is a sign of strength.RSI also formed bullish H/S. So bank nifty is buy above 34000. For me sl approx 400 pts,target 1000+ pts. Standard disclaimer: this is my personal view,not a trading...
long term,med. term as well as short term trend is strong.May break the resistance line(Black).One can buy above it with sl bel 1799 and enjoy the ride.THIS IS MY PERSONAL VIEW,NOT A TRADE RECOMMENDATION
Think so.This is my first attempt in this beautiful open forum.So constructive criticism is welcome to enrich myself.I am very bad in drawing.Pl bear with me.Normal statutory warnings applicable.This is not trading recomendation.