BANKNIFTY, will not back again? Answer is, Still exist BULLS
Updated
BankNifty closed at support.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
The formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.
It can slip the next 1-2 sessions if above is not exist.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
- 1) Gravitate price will attract the value, so long traders have target 29977.
- 2) The support at 29395-29450 will push the nifty toward to 29700.
- 3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.
The formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.
It can slip the next 1-2 sessions if above is not exist.
Trade active
BUY NF 11598-11606 with stoploss strictly at 11592 and targets 11657-11679Note
If nifty future is not fired in 15min above 11615... then exit with no loss or small profit....Trade active
BANKNIFTY EXACTLY TAKEN support and bounced....!Note
Trendline support 29395 - 29450 Trade active
The support at 29395-29450 will push the nifty toward to 29700. see this....
Note
Gravitate price will attract the value, so long traders have target 29977. EXACT moved what i predicted.
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