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traders_pit
Jul 16, 2020 6:19 AM

Banknifty - Long Set up. Tgt 24k Long

Nifty Bank IndexNSE

Description

Bank Nifty spot took support near important levels of 21000-20900.
A good buy zone.
With rising RSI on hourly chart and channel formation on daily chart, it's a good long with SL below 20900.
The near term target is 24000.

Comment

Booked partially at 23k. Time for some consolidation before further up move.

Trade closed manually

trailing stop loss based on trendline broken. exited the trade.

Trade active

Bought again. Stop loss - below today's Low.

Trade closed: target reached

Forgot to update that this trade was closed when BNF jumped near 24500
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