Trend deciding zone for bank nifty is 47200 - 47300. To be bullish, price have to sustain it. Price is trending around 47000 for few days and this week, it may give break out..
Pattern : Channel.
Range : Medium.
Trend strength : Good.
Buy Above : 47320.
Stop Loss : 47240.
Targets : 47420, 47500, 47580 and 47640.
Sell below : 47140.
Stop Loss : 47220.
Targets : 47060, 46980, 46880 and 46800.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Pattern : Channel.
Range : Medium.
Trend strength : Good.
Buy Above : 47320.
Stop Loss : 47240.
Targets : 47420, 47500, 47580 and 47640.
Sell below : 47140.
Stop Loss : 47220.
Targets : 47060, 46980, 46880 and 46800.
Check the live market updates.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Comment:
Testing the channel.
Comment:
Price is not ready to fall so far.