BN super BULLISH, next stop is 52500? 1:6 RR Setup

Güncellendi
Bank Nifty was trading in a small range for last few days and completed time wise correction.

Bears failed to hold it below 50050(.786 fib level), so high chances of hitting 100% and goes up in extension to hit the channel top.

As per daily time frame Super Trend and fib channel we have a great opportunity in long with small SL.

Stop Loss below 50130 candle close (1 hour)

Targets - 51000, 52600 and 53000

Bank nifty is bullish in Monthly, weekly and hourly time frames as per Ichimoku.

Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
İşlem aktif
Time: 11:20 AM - June 19th.

We are in 600+ points profit so far.

Bank Nifty has been showing great strength since morning. No need to close in panic, hold.

The updated TSL is 50,280 (1-hour candle close below this price).
Not
Time: 2:40 June 14th

CMP - 51905

We are in 1435 points profit after our entry, here is the updated SL.

TSL is 50950
Not
Time: 11:03 AM, June 20th, 2024

CMP 51530

Here is the updated TSL - we can book the profit if one hour candle close below 51050(not spike). We are still expecting 52500 and 53000.
Regards,
Team WaveMoku
Not
Time: 12:19 PM 20th June 2024

CMP is 51670

Updated TSL: One hour candle CLOSE below 51200 (remember not spike), we can book the profit and exit if this happen.
Not
Time: 1:32 PM 20th June 24

CMP is 51825

Updated TSL: One hour candle CLOSE below 51400 (remember not spike), we can book the profit and exit if this happen.

Our Long Entry Price was at 50470.
Not
Time: 9:09 AM 21st June 24

CMP: 51927

Updated TSL: One hour candle close below 51580(candle close not spike)
İşlem kapandı: hedefe ulaştı
Time: 10:47 AM 21st June 2024

Our TSL triggered at 10:15 at 51500

We have got 1030 points in BN long.

Regards,
Team WaveMoku
İşlem kapandı: hedefe ulaştı
Bank Nifty hit 52500 too.
bankniftyanalysisbankniftytradesetupbankniftytrendchanneltrendParallel ChannelTrend Analysis

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