Banknifty near its positive breakout, Ready for buy
Banknifty Chart Analysis - 27 July 2019
After a one week continuous fall, Banknifty started to show some signals for making positions on buy side.
First it has broken a downward trend line of 4 hour, now breaking a trend line even for 1 hour chart. Rsi is also showing a divergence on one hour chart, which means a upward trend is near.
Another signal for buy will come, when banknifty will start trading above the previous swing high on a 1 hour chart.
One can keep in radar list to buy banknifty when a strong upward trend is confirmed, Currently it is showing signals for buy but not a clear upward trend confirmation.
You can follow me for regular posts on banknifty view.
After a one week continuous fall, Banknifty started to show some signals for making positions on buy side.
First it has broken a downward trend line of 4 hour, now breaking a trend line even for 1 hour chart. Rsi is also showing a divergence on one hour chart, which means a upward trend is near.
Another signal for buy will come, when banknifty will start trading above the previous swing high on a 1 hour chart.
One can keep in radar list to buy banknifty when a strong upward trend is confirmed, Currently it is showing signals for buy but not a clear upward trend confirmation.
You can follow me for regular posts on banknifty view.
Trade closed manually
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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.
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.