Get started
RaviChandran_Rajkumar

Bank Nifty Trade Setup for 30 MAY 2022

Nifty Bank Index (NSE:BANKNIFTY)  
RaviChandran_Rajkumar  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators tradershedge BANKNIFTY bankniftytrend
2
0
trendanalysis chartpattern indicator tradershedge banknifty bankniftytrend
Bank Nifty Trade Setup for 30 MAY 2022

Expecting a gap up opening in Bank Nifty around Bullish Breakout zone.

Any resistance around the opening high we can expect Nifty to test R1 / Bearish Reversal Zone once and then find a new support to bounce on the upside targets.

In case Bullish Break out is taken out on the upside we can expect Nifty to test T2 targets today & higher.

In case Bearish Reversal is compromised on the lower side we can expect Nifty to test out CPR & find support at CPR before any bounce back to upside.
tradershedge.in
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.