Nifty Bank IndexShort
Bank Nifty Analysis
Bank nifty Analysis Education Purpose
1) open at support level and bounce upside near supply zone
2) in 15 min chart see on chart near supply zone( Shooting star candlestick) shown rejection
3) Again back on support 36000 level
4) 36000 level break with MA(Moving Average) rejection and big red(Black) candle, its shown market not sustain 36ooo level.
5) on chart seems like a Head & shoulder Pattern and neckline level is 36000 so its break now,
---> Now, if again retest 36000 level and and any rejection from neckline so we taken position toward downside nearest support 35500 and 35000..
Those analysis only Education purpose, If you taken trade its your own Risk,
First learn then Earn.. without knowledge don't jump on trade.
1) open at support level and bounce upside near supply zone
2) in 15 min chart see on chart near supply zone( Shooting star candlestick) shown rejection
3) Again back on support 36000 level
4) 36000 level break with MA(Moving Average) rejection and big red(Black) candle, its shown market not sustain 36ooo level.
5) on chart seems like a Head & shoulder Pattern and neckline level is 36000 so its break now,
---> Now, if again retest 36000 level and and any rejection from neckline so we taken position toward downside nearest support 35500 and 35000..
Those analysis only Education purpose, If you taken trade its your own Risk,
First learn then Earn.. without knowledge don't jump on trade.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.