Reason for long
a) Possibility of Triangle breakout : Now the pre breakout triangle has false low. Usually false low pushes the price to break from the triangle.
b) vwap support: clearly visible in blue line chart
c) Banknifty Index support
Sl compulsory
a) Possibility of Triangle breakout : Now the pre breakout triangle has false low. Usually false low pushes the price to break from the triangle.
b) vwap support: clearly visible in blue line chart
c) Banknifty Index support
Sl compulsory
Trade closed: stop reached