Bank Nifty at Important Levels (?)
Intraday support 19000 nearby.
Parallel Channel if Breaks then it can go up to 18000 Level if channel breaks towards downwards.
Buy at 18500 nearby with minor stop-loss and,
Bank Nifty Trading at exact 61.80% retracement level which is 18900 Level
Fibonacci retracement
61.8% retracement - 18900
78.60% retracement level; 18500
RSI; RSI is at 36.24 at 14 day which is also strength showing in Long Moves
Momentum in last 10 days is also showing improvement towards upper side right now -287 Points which is less also which is closer to 18500
Levels
Donachian Level Lower Level 18685 which is Bank Nifty trading at current levels , Basis 19000 if breaks can go long upto 19500
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
Intraday support 19000 nearby.
Parallel Channel if Breaks then it can go up to 18000 Level if channel breaks towards downwards.
Buy at 18500 nearby with minor stop-loss and,
Bank Nifty Trading at exact 61.80% retracement level which is 18900 Level
Fibonacci retracement
61.8% retracement - 18900
78.60% retracement level; 18500
RSI; RSI is at 36.24 at 14 day which is also strength showing in Long Moves
Momentum in last 10 days is also showing improvement towards upper side right now -287 Points which is less also which is closer to 18500
Levels
Donachian Level Lower Level 18685 which is Bank Nifty trading at current levels , Basis 19000 if breaks can go long upto 19500
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
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