#NIFTY50 #NIFTY Nifty50 from past 4 trading weeks is trapped in a trading zone also called as a box. A small size long can be initiated now given bounce from bottom and add more quantity on confirmation of box breakout on the upside can provide a significant opportunity to bag in 4-5% returns in a short span. Key levels for long trade are 20000 and 20300 on up...
2 ways the chart of SBICARD could go about is shown above. We will start accumulation from ~730 levels.
We have 2 support lines here. First is 2020 covid support and second line is 2021 covid support. I think a retest will occur in given fashion in #NIFTYBANK #BANK NIFTY
Just fr fun. Multiple stop losses hit today. Enjoy this guys.