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OptionBreakout

BANKNIFTY next weekly expiry view

Nifty Bank Index (NSE:BANKNIFTY)  
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NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis BANKNIFTY weeklyexpiry index triangularbreakout Symmetrical Triangle
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trendanalysis banknifty weeklyexpiry index triangularbreakout symmetricaltriangle
On hourly chart it's clearly visible a symmetrical triangle formation in BANKNIFTY spot price. Closing above 36800 on hourly basis may bring the range 37000-37300 plus by next weekly expiry on 02/09/2021. Stop loss will be 35500 on hourly closing basis. Due to high volatility and relative weakness in banknifty one must be proactive and alert while initiating fresh trades.
Happy trading :-)
Komentar:
please take 36800 as 35800 given above...sorry for the mistake
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