BankNkifty - Breakout post consolidation. Target 19250-19300
As mentioned in the previous posts as well, BankNkifty is looking strong. It has given a breakout post consolidation in the range of 18800-18970. Target 19250-19300. Keep stop loss at 18800 spot. for Intraday SL 50-60 points keep trailing and ride the rally.
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This chart is delayed not showing the breakout but price has closed above last week's high or the consolidation channel on 15 min chart.
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Confirmation on the hourly chart.
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Panic buying might take BankNifty to 19250 today itself in the last one hour.
