Entry - Around 600, near the trend line
1st Target - 695.25 ( A bit lower than the previous swing high)
2nd Target - 795.05 ( Top of the channel and also a previous strong resistance)
Rationale - TRENT has been moving in a parallel bull channel with bull candle volume outweighing the bear candle volume. The 61.8% retracement level was also breached...
bank nifty saw a drastic fall today from of more than 700 points from top.
It bounced back from the level 19500 which is around 200sma .
it has bounced back from that level many times and according to our algorithm it is expected to expire around 20k