iamsharan

Simple Trade Setup in BankNIfty

NSE:BANKNIFTY   Nifty Bank Index
The index is slightly negative at this point of time, We saw some pushback from the buyers in the last hour of the market. This is formed a classical Descending Channel, this sort of patterns usually have 50% chances on either side. The trade is to be taken only when the index breaks either side of the channel and respects the Retest Levels.

Happy trading


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