BANK NIFTY has consolidated for more than 20 odd days now.
The instrument is now showing a good Bullish sentiment. by forming Higher Lows.
RSI on the Daily chart is also on the verge of breakout of the 60 zone.
I have taken a Long position on it for a Target to 57,700 level
This is taken on the H1 time frame and hence it makes it a swing entry for the June expiry series.
P.S. Not a recommendation. Pls do your own due diligence.
The instrument is now showing a good Bullish sentiment. by forming Higher Lows.
RSI on the Daily chart is also on the verge of breakout of the 60 zone.
I have taken a Long position on it for a Target to 57,700 level
This is taken on the H1 time frame and hence it makes it a swing entry for the June expiry series.
P.S. Not a recommendation. Pls do your own due diligence.
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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.
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.