Banknifty is in the Bull run. ABCD pattern clearly seen in 30 min time frame and it helps us to find the next target.
We can go long from yesterday high to point D which is 21250.
If we will see any correction from point D which is 21250 then we can built a short position from there with 100 points SL.
Target for short position is 20750.
Good Luck and happy treading.
Note- I am not a sebi registered and this is my view. Tread with your analysis.
We can go long from yesterday high to point D which is 21250.
If we will see any correction from point D which is 21250 then we can built a short position from there with 100 points SL.
Target for short position is 20750.
Good Luck and happy treading.
Note- I am not a sebi registered and this is my view. Tread with your analysis.
Comment:
Built a long position from 21260 with sl 21100
Trade closed: target reached
Good Luck and enjoy.