Get started
Learnase

Bank Nifty - Bullish for further 49000 levels???

Nifty Bank Index (NSE:BANKNIFTY)  
Learnase Updated   
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Trend Analysis
13
0
chartpattern trendanalysis
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind.

Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line

Bullish - Prices must hold above top blue line!

NTZ = NOTRADING ZONE (Avoid fresh entry)

Comment:
Almost flat opening. Chances of reversal/ failure is there!
Comment:
first target achieved
Comment:
BNF opening today in the NTZ! This analysis could achieve 1st target only towards upward move! Mindset changed now! Neutral till prices keave the NTZ.
Comment:
Sell on rises activates!
The Rises
1st 48200-280

2nd 48350 to 48475
Comment:
The 1st rise worked very well today!
Trade closed: target reached:
both upward and downward targets achieved!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.