Bank Nifty Cmp 35292 dated 4.6.2021
Positional view for this week.
Amazingly there r 2 patterns on chart.
1 is Bullish & other is Bearish
Whichever pattern gets actived will decide the trend.
1st bullish : Ascending triangle breakout will be at 35575. (strong pattern)
So buy above 35585 for a tgt of 36000-36550-37140-37700 and will move towards 40700 SL 35050.
2nd is bearish : Bearish Engulfing pattern (temporary not very strong pattern) is formed
on daily chart on Friday which will get activated
if it breaks 35070 giving tgt 34350-33450-
32200-30300. SL 35600
It is just a view pls trade at your own risk.
Positional view for this week.
Amazingly there r 2 patterns on chart.
1 is Bullish & other is Bearish
Whichever pattern gets actived will decide the trend.
1st bullish : Ascending triangle breakout will be at 35575. (strong pattern)
So buy above 35585 for a tgt of 36000-36550-37140-37700 and will move towards 40700 SL 35050.
2nd is bearish : Bearish Engulfing pattern (temporary not very strong pattern) is formed
on daily chart on Friday which will get activated
if it breaks 35070 giving tgt 34350-33450-
32200-30300. SL 35600
It is just a view pls trade at your own risk.