BNF is trading at lower end of the channel

Nifty Bank Index (NSE:BANKNIFTY)

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NSE:BANKNIFTY Nifty Bank Index

trendanalysis chartpattern banknifty bankniftytradesetup

BankNifty is trading in this channel and moving upwards for long. This channel is valid until now on both Daily and Hourly time frame. Let's see in coming trading sessions if BNF respects this support and take a bounce and break it.

I would update the idea.

Happy Trading!
Rachit

Komen:

As expected BNF respected the support and took a bounce, you can buy if it sustains above 31600 for the targets of 31700 and 31800. SL would be 31500.

Happy Trading!
Rachit

Komen:

Both the targets are met for today.

Enjoy profit!
Rachit

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