Nifty Bank Index

Short

Banknifty october

Updated

DT

Note

Banknifty formed DT.
neckline around 29500 once broken.
Target is 28300 ro 28236.
NOTE: Wait for the neckline to break.

As per Fibonacci retracement, banknifty must retrace atleast till 38%, 50% and 61.8%. The retracement levels are good for buying opportunity.

Trade active

Neckline Broken. Could retest and expecting it to come down till 28200.

Trade closed: target reached

Target hit.

Also on:

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