jaganath22

Bank Nifty Bullish Activity

Long
NSE:BANKNIFTY   NIFTY BANK
Bank nifty full of buyers in the range of 29100-29300. Also a hammer pattern in 4hr may take the price high , breaking out with full strength tomorrow and taking price to 31000 next week .....

My view:

Breakout will happen taking price to 30000 and with RBI decision on 4th Dec will help the price to retrace and then Friday will resume the uptrend to 31000
Trade active: Symmetrical Triangle breakout way to 30500
Trade closed: target reached

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