Banknifty has sort of symmetrical triangle pattern. currently at support of the triangle. breaking of the same can trigger more selling
Important level for nifty bulls. below that severe weakness can be seen.
2R and big green candle formed on breakout level
Most favourite pattern of trader with attractive Risk Reward.
Bearish pattern head and shoulder
CLOSING ABV 2630 CAN TOUCH 2760 LEVEL
One can enter the trade with the strict stoploss of 212 with the target of 255/300.
One can buy SL 1694 on closing basis with tgt 1860
can go long at CMP 352 SL 330 target 382/419
can go long with SL 2800 and keeping dotted lines on the chart as profit booking level.
Can go long with the SL 178. With the target of 200/200 ( 10% return)
Can buy at CMP 294 with SL 270 and target of 340 (short term trading horizon)
Can go long at CMP 950 SL 930 Closing basis Target 1270 (holding period 8-12 months)
Can go long with the SL 1140. With the target of 1290.
2nd bottom has morning star formation. Can go long at CMP 1109 with SL 1032 Target 1266. (R:R = 1:2)
short term trade