Bank Nifty Monthly Swing Trade Idea

https://www.tradingview.com/chart/lH5ukyNv/

if 34100-34150 levels broken by a daily candle can enter long just before closing. SL @ 33600, TGT @ 35900. Look for minimum 1:2 risk reward. Avoid if gap opening over the zone.

Trade active:

I Didn't notice this was the spot chart. Use this analysis only for options trading. Breakout Level For July Futures @34350, SL @33850, target @36000.

Order cancelled:

As we have seen a sharp rejection from the breakout zone, this trade has been invalidated. I don't believe market will be making any strong up moves this month. I will post a shorting trade in Nifty if market shows weakness in the coming days.

Trade active:

Zone was broken on 6th. Can trail SL to 1:1 if anyone made entry.

Trade active:

Market has respected our levels so far and is on the way to our target level. I have posted a trade in metal sector today based on this exact setup.

Trade closed: target reached:

Market opened gap up beyond our target yesterday. 1:3+ risk-reward achieved within 10 trading sessions.