(weekly chart banknifty)
Banknifty has given a breakout from falling wedge pattern (shown with black dotted lines) and stochastic already given positive cross over and MACD yet to give.....
Banknifty is trading above 100 Week Moving average i.e. 10790-10800.
On 5th Sep 2013 our Weekly JBNSAR system given long signal @9450 and one lot booked near 9800-10000 zone (gain of 400-500+ points) and 2nd lot shall be held till Weekly JBNSAR reverses i.e. 9665 (till 20th sep 2013)
Note:
- To read more on 'Falling Wedge Pattern ' go to following link:
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support / resistance levels.. Positional traders should trade with weekly JBNSAR.
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