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Nifty Bank Index
Long

Bank Nifty SPOT - broke long term trend resistance

By Vijay_Vishwakarma
Updated
Bank Nifty SPOT - broke long term trend resistance in Monthly chart and created fresh new life time high. Sustaining above the trendline can take Bank Nifty to 41000+ soon. SL can be spot closing below 36000.
Trade active
37300+ after a dip near 36300 - add on dips is mantra right now.
Trade active
high made so far is ~39940, expecting more fireworks when results of SBI/AXIS/ICICIBANK is declared.
Note
Did a high of 41829 ~4K pts approximately and now some good correction. Long term outlook remains same as long as its sustain the breakout, buy on DIP suggested.
Trade closed: target reached
BANKNIFTYChart PatternsTechnical IndicatorsTrend Analysis
Vijay_Vishwakarma
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