We all have been following banknifty. It has been a go-to index for traders, whether they are short term or long term. Everyone has his own strategic view to dissect it. On 25th April, it moved out of the channel. The channel was touched again on 9th May. It returned again on June 13th.
I think it will re-enter the channel before starting new uptrend. 53600 - 54000 is the level to look for.
This is not a buy/sell recommendation.
This post is only for educational purposes.
Kindly consult your financial advisor before investing.
Keep strict stoploss and money management rules.
Happy Trading!!
I think it will re-enter the channel before starting new uptrend. 53600 - 54000 is the level to look for.
This is not a buy/sell recommendation.
This post is only for educational purposes.
Kindly consult your financial advisor before investing.
Keep strict stoploss and money management rules.
Happy Trading!!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.