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Banknifty - Breakout or Breakdown ??!!

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Triangle BANKNIFTY bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis
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trendanalysis chartpattern triangle banknifty bankniftytrend bankniftytradesetup bankniftyview bankniftyanalysis
1. If BNF spends some time at the top of the trend line and breaks out, then it can go up to 30750 level.

2. If BNF forms negative candle/consolidates and breaks down, then it can come up to the bottom trend line support ie 30350 level.

3. Don't jump/rush into the trade. Wait patiently and let the market decide where it wants to go.

4. Always preserve your capital.
Komen:
Since market is opening Gap UP, wait for clear price action and if it crosses above 30820 and sustains the level, it can make a big movement.
Penafian

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