BANKNIFTY 1H | WHAT NEXT? |OneshotTraders
Updated
๐๐ฒ๐น๐น๐ผ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐, ๐ช๐ฒ๐น๐ฐ๐ผ๐บ๐ฒ ๐๐ผ ๐ข๐ป๐ฒ๐๐ต๐ผ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ฒ๐ฟ๐!
BankNifty given good Upside movement as we expected and made good profit in today's trades.
๐ก๐ผ๐, ๐ช๐ต๐ฎ๐ ๐ก๐ฒ๐ ๐?
As BankNifty exactly closed near the Fibonacci retracement zone (43926-43976),
Here are the both side Important Levels:
RESISTANCE: 44100 | Reversal Zone: 43926-44100
SUPPORT: 43815, 43700, 43425
I'm still stick to my previous 3 Interpretations which I posted yesterday. Check my previous posts.
๐ญ. The pattern looks like its going to form a ๐๐๐๐ ๐๐ก๐ ๐ฆ๐๐ข๐จ๐๐๐๐ฅ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. To complete this pattern it should move up to the 44000 level and then have to reverse.
๐ฎ. Forming a ๐๐๐๐๐๐ก๐ ๐ช๐๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. Here also the same, the price should move up from the support 43400 level.
๐ฏ. Putting all these pattern aside, the red zone which I drawn on chart is ๐๐ถ๐ฏ๐ผ๐ป๐ฎ๐ฐ๐ฐ๐ถ ๐ฅ๐ฒ๐๐ฟ๐ฎ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐๐ฒ๐น. If market moves up and forms a ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฎ๐ป๐ฑ๐น๐ฒ at this zone, I'll update the targets in below comments after confirmation.
Now you may understand that this analysis is still active. So, please be stay tuned here and click on follow button.
๐ง๐ต๐ฎ๐ป๐ธ ๐๐ผ๐,
๐๐ฎ๐ฝ๐ฝ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด...
โ โ โ DISCLAIMERโ โ โ
Please note that trading and investing in the stock market involves risk and may not be suitable for everyone. The information provided in this video is based on my personal experience and educational purpose. You are responsible for your own investment decisions and that I shall not be liable for any direct, indirect, incidental, or consequential damages arising from your reliance on the information provided.
BankNifty given good Upside movement as we expected and made good profit in today's trades.
๐ก๐ผ๐, ๐ช๐ต๐ฎ๐ ๐ก๐ฒ๐ ๐?
As BankNifty exactly closed near the Fibonacci retracement zone (43926-43976),
Here are the both side Important Levels:
RESISTANCE: 44100 | Reversal Zone: 43926-44100
SUPPORT: 43815, 43700, 43425
I'm still stick to my previous 3 Interpretations which I posted yesterday. Check my previous posts.
๐ญ. The pattern looks like its going to form a ๐๐๐๐ ๐๐ก๐ ๐ฆ๐๐ข๐จ๐๐๐๐ฅ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. To complete this pattern it should move up to the 44000 level and then have to reverse.
๐ฎ. Forming a ๐๐๐๐๐๐ก๐ ๐ช๐๐๐๐ ๐ฃ๐๐ง๐ง๐๐ฅ๐ก. Here also the same, the price should move up from the support 43400 level.
๐ฏ. Putting all these pattern aside, the red zone which I drawn on chart is ๐๐ถ๐ฏ๐ผ๐ป๐ฎ๐ฐ๐ฐ๐ถ ๐ฅ๐ฒ๐๐ฟ๐ฎ๐ฐ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐๐ฒ๐น. If market moves up and forms a ๐๐ฒ๐ฎ๐ฟ๐ถ๐๐ต ๐๐ฎ๐ป๐ฑ๐น๐ฒ at this zone, I'll update the targets in below comments after confirmation.
Now you may understand that this analysis is still active. So, please be stay tuned here and click on follow button.
๐ง๐ต๐ฎ๐ป๐ธ ๐๐ผ๐,
๐๐ฎ๐ฝ๐ฝ๐ ๐ง๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด...
โ โ โ DISCLAIMERโ โ โ
Please note that trading and investing in the stock market involves risk and may not be suitable for everyone. The information provided in this video is based on my personal experience and educational purpose. You are responsible for your own investment decisions and that I shall not be liable for any direct, indirect, incidental, or consequential damages arising from your reliance on the information provided.
Note
Got Huge response for my analysis on BankNifty. Thanks for the support. Please follow for coming updates.
Trade closed: target reached
With Super Fast movement, Right shoulder has been completed and my targets were done.
Disclaimer
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