Every body is in panic situation now but i think bank nifty is in consolidation zone.
if u can check the chart properly than you find a bullish pennant flag pattern in it.
and i am just sit calm and waiting for the price action.
if trendline breaks upside then go for long target 34000 and if breaks down than go for short below 32000 only.
so risk takers can buy from 32000 with very small stoploss and other wise buy above 32800 for long position and target 34000 stoploss 32000.
i hope this is very helpfull for all.
if agree than please like and follow us for more updates.
HAPPY TRADING.
if u can check the chart properly than you find a bullish pennant flag pattern in it.
and i am just sit calm and waiting for the price action.
if trendline breaks upside then go for long target 34000 and if breaks down than go for short below 32000 only.
so risk takers can buy from 32000 with very small stoploss and other wise buy above 32800 for long position and target 34000 stoploss 32000.
i hope this is very helpfull for all.
if agree than please like and follow us for more updates.
HAPPY TRADING.