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varun_devadiga

Channel target achieved in Banknifty

Short
Nifty Bank Index (NSE:BANKNIFTY)  
varun_devadiga  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Parallel Channel BANKNIFTY channelbreak shortsetup targethit
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chartpattern parallelchannel banknifty channelbreak shortsetup targethit
Yesterday after the breakdown Banknifty took support around 37700 range but today that range is broken and reached channel target of 37250 level.

Today morning banknifty tested its previous high 38200, unable to sustain in that range, which confirmed double top. Then we can see the sell off, after it came near yesterday low 37700 couldn't sustain. So breakdown confirmed and Channel target achived.

BANKNIFTY

Idee correlate

varun_devadiga
Channel formation in Bank Nifty 15 min ?
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