SHORT SBI FOR 279 , WEAKNESS AHEAD IN BANK NIFTY AND SBIN
KEEP EYE SBI DOUBLE BOTTOM FORMATION HERE
Please consider watching the Intraday Levels in BankNifty for 09 September 2019
Hey Guys, Consider watching today Intraday levels in #reliance.
Giving today intraday levels on my trading view account. Consider to check the levels.
Good morning guys, yesterday I have not got the enough time to make daily index videos on our youtube channel. So giving today intraday levels on my trading view account. Consider to check the levels.
Good morning guys, yesterday I have not got the enough time to make daily index videos on our youtube channel. So giving today intraday levels on my trading view account. Consider to check the levels.
Please consider watching the Intraday Levels for 28th August
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
Current BNf 30 min last bar as well as upward going RSI shows a good upmove of 200 pts expected. Stop loss is today's (22nd July) low.
Current stabilising RSI and chart pattern on 30 min chart shows that Bank NIfty is a good long candidate for 150-200 point upmove. CMP is 29269. SL is below day's low.
Bank Nifty presented a very interesting set up on Friday 5th July 2019. WIth higher high but sliding RSI, it shows a bearish setup. For Monday 8th July,'19 unless the 5th July high is taken out, the outlook is bearish with 31000 as next support.
Though there is positive RSI divergence Bank Nifty 30 min and 60 min charts, BNF is still struggling to go up. Today's (14-May) open high is proving difficult. This suggests that BNF is still far from bottom and we may see a fall today or tomorrow before recovery starts.
Bank Nifty gave a good fall today. But, now BankNifty index is nearing long term support levels. Thus, the question is will Bank Nifty fall more or the low today is near term bottom? As, we can see in hourly chart, RSI is showing positive divergence with lows made by Bank NIfty spot. It shows that maybe we will see a limited down movement right now and may...
The big red bar ( bearish engulfing in TA terminology) of Bank Nifty Index on 18th April, 2019 is showing sign of current bull run getting tired. On top of that daily RSI is also showing divergence. But, till BanK Nifty Spot any more weakness will be confirmed only after a close below 29630.