Nifty Bank IndexLong
#banknfity Delta update for 3rd Aug
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What do I see on #banknifty?
Falling wedge breakout with a gap and pull back to the falling wedge line.
The heart might say to go short, but when you open your eye and use your brain to analyze, there is clear cut long which chart is telling us.
I prefer to go long until 34,350 is not broken, the buying will come above 35K, 35500 looks very much possible on the upside.
The rest of the weekly analysis remains the same.
Falling wedge breakout with a gap and pull back to the falling wedge line.
The heart might say to go short, but when you open your eye and use your brain to analyze, there is clear cut long which chart is telling us.
I prefer to go long until 34,350 is not broken, the buying will come above 35K, 35500 looks very much possible on the upside.
The rest of the weekly analysis remains the same.
Note
Last weekly analysis:-
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