Bank Nifty - Triangle Breakout
HI
Seems its a triangle breakout in Bank Nifty.
We can keep a small SL of 28050 for targets of 30000 to 30500,
MACD is nicely poised for good upmove.
Seems its a triangle breakout in Bank Nifty.
We can keep a small SL of 28050 for targets of 30000 to 30500,
MACD is nicely poised for good upmove.
Trade active
Hi29000 today, and seems more upside remains, now SL can be changed to 28450 CBSL and can wait for higher targets or trade on the buy side.
Trade active
High today at 29687, now seems some pause. untill 28850 is held by CLBS, we can be assured for short term gains.Trade active
High made today 29997, and now either we can book all or the SL can be changed to 29350 CLBS for next target of 30500.Trade closed: target reached
Made high of 30413 from the lows of 28300.Almost near to the target of 30500.
Now again there seems to be a pause in the uptrend ,But if holds 29700 on CLBS , we can see some more upside. Probably 31000 and even 31250.
Note
Although Trade closed...but it did not go below said levels 29700 clbs and now its at 31300 levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.