BanKNifty - Medium Term Trade

30 Ağu 2020

BankNifty broke out of consolidation followed by huge up-move which confirmed the up-trend. We have missed the ideal entry.
Entry given in chart is of fibonacci level which i am not sure if it will come.
Hence to re-enter wait for minor pullback.

31 Ağu 2020

İşlem aktif

Trade activated. Market opened huge gapup which is 50% retracement of Fibonacci level. Hence trade activated @ 24870. Target as mentioned is 26615.