Analysis for Aug 30

Update 3.10 PM:
Booked out aggressive longs at 5310NS

UPDATE 2.45 PM:

NIFTY TESTING THE TRENDLINE - Support at 5240-50 levels. If supported the upmove would resume. 

INTRADAY UPDATE 1.30 PM:

AGGRESSIVE LONGS TAKEN AT 5265NS with Sl 5250 NS Hourly Close.

ANALYSIS FOR AUG 30:
BANK NIFTY BULLISH GARTLEY PATTERN:

BANK NIFTY BULLISH GARTLEY PATTERN (CLICK HERE)

STOP LOSS FOR EXISTING SHORTS REVISED TO 5320 NS EOD CLOSE.
The Stoploss for aggressive Longs taken yesterday at 5290NS was triggerred today morning with 10.Am close below 5270 @ 5265NS.

The region 5255-5270 seems to be a good support based on the following TA parameters.

50 Day SMA - 5255
13 Day SMA - 5256
3 week SMA - 5257
10 Week EMA - 5256

Aggressive Longs can be attempted at 5260 - 70 levels with Stirct SL Hourly close below 5250NS.