IndianRangeTrader

IndianRangeTrader

Banknifty support being taken on Weekly Timeframe? If trades below tradeline, next fib level would be the target.

IndianRangeTrader

Following the Fib and Trendline Levels Wonderfully.

IndianRangeTrader

OC also suggesting weak resistance, Chart pattern shows week pullback with declining volumes and retracing from 50% fib levels --> Consecutive Hidden Bullish Divergences --> Divergence target to 900 coinciding with Fib Extension Levels. Targetting 820/850/908 with SL of 660. CMP 730

IndianRangeTrader Updated 

The red and blue horizontal lines are having the approx target levels. Volume expansion with range expanding Bear candle / Downward Range shift of RSI Underperforming RS