Kshitij_008

Bank Nifty - Triangle Breakout

Long
Kshitij_008 Updated   
NSE:BANKNIFTY   Nifty Bank Index
HI
Seems its a triangle breakout in Bank Nifty.

We can keep a small SL of 28050 for targets of 30000 to 30500,
MACD is nicely poised for good upmove.
Trade active:
Hi
29000 today, and seems more upside remains, now SL can be changed to 28450 CBSL and can wait for higher targets or trade on the buy side.
Trade active:
High today at 29687, now seems some pause. untill 28850 is held by CLBS, we can be assured for short term gains.
Trade active:
High made today 29997, and now either we can book all or the SL can be changed to 29350 CLBS for next target of 30500.
Trade closed: target reached:
Made high of 30413 from the lows of 28300.
Almost near to the target of 30500.
Now again there seems to be a pause in the uptrend ,But if holds 29700 on CLBS , we can see some more upside. Probably 31000 and even 31250.
Comment:
Although Trade closed...but it did not go below said levels 29700 clbs and now its at 31300 levels.

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