Bank Nifty has generated a buy signal in 3 indicators 1. Fibonacci - About to give breakout 2. Price Action - Cleared a crucial resistance line 3. Channel Pattern I have not drawn 2&3 to avoid confusion and over drawing on chart. I have kept the trade idea simple. Once BN crosses 0.50%, initiate buy position. 1st target will be 0.68% Keep trailing the trade for full profits. SL has been given at a cruicial place. NOTE: This will be a long term trade. Hence keep rolling over the futures until the levels are reached.
Trade attivo
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Trade activated since BN opened above 50% retracement today which is a cruicial level of support. If it slides down to 38% level, add one more lot. CMP 24830.