EW Analysis : BN is in pullback mode from lows of 24400 and is showing a clear abc pattern on upside. Trend Breakdown : BN breached the up-trend in Sept 2018 which started from Mar 2016 and is now retesting the up-trend support which now becomes resistance for BN. Supertrend Resistance : Any weekly close above 27800 on BN would change the bearish signs...
this chart can understand only the tech person. Please check out the fib golden ratio and Elliot wave theory. Bank Nifty -1.30% is possible in the correction phase and can be dump hard.
Hello all, Tomorrow is weekly expiry so be aware for first 15 minutes after open the market. Please check the resistance and support levels. Regards
Hello all, explained everything that should be our levels and Targets for tomorrow Trade. Guys Please watch the analysis and ask your questions in the comment box.
I published last week about shorting bank nifty at 22800 levels as it was breaking out of a rising channel in the 5M time frame. Now that it has done it and resumed the downtrend, let's look at a slightly broader time frame. Here, 1) Clearly, the H&S pattern forming at the top of a long uptrend is playing out. It breached the neckline briefly yesterday around...
Bank Nifty is about to form a top. It could drop to 20000.
Hi all, Why to short bank nifty ? - 20/50 crossover, long-term trend-line break, price respecting new downward channel. Aggressive traders can short it at the moment with 19930 SL on closing basis. Safe traders can wait for the breakdown of 19250 (intraday or closing) and take support at 19000. Then sell in a retracement of 19200-19250 for a downward target of...