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BankNifty may retest 18250 to 18950 levels before it's action

Long
Nifty Bank Index (NSE:BANKNIFTY)  
inspire_Chethan Updated   
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Technical Indicators Wave Analysis BANKNIFTY bankniftytrend
7
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trendanalysis indicator waveanalysis banknifty bankniftytrend
BankNifty may retest 18250 to 18950 23% - 38% Fibonacci retracement levels before it's further course. Chart explains everything.

Can go long.

Entry : CMP

Stop Loss : 17250 (SPOT)

Target 1 : 18250 (SPOT)

Target 2: 18900 (SPOT)
Comment:
SPOT 17900, booking 50% profits here.
Comment:
Trailing Stop at 17625 for remaining 50%
Trade closed: target reached:
Closing Positions being conservative at SPOT 18150
Comment:
Target of 18250 achieved too!
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