BANKNIFTY- Triangle Breakout
Refer Smaller Time Frames.
Formed a Triangle pattern.
Broke out of triangle pattern and Important Resistance( Yesterday's Support)
And it was Perfectly Placed @ 61% FIB. (FIB was drawn from yesterdays High to Todays Low)
Once the retest is done and again broke the zone with impulse, here entered a long position.(11:26 Hrs)
TWO Targets were set-
1st @ Yesterday's High
2nd@ Previous GAP
Stop loss was set @ retest Low.
Formed a Triangle pattern.
Broke out of triangle pattern and Important Resistance( Yesterday's Support)
And it was Perfectly Placed @ 61% FIB. (FIB was drawn from yesterdays High to Todays Low)
Once the retest is done and again broke the zone with impulse, here entered a long position.(11:26 Hrs)
TWO Targets were set-
1st @ Yesterday's High
2nd@ Previous GAP
Stop loss was set @ retest Low.
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