vanathi

Bank Nifty - Aug 10

vanathi Mod Updated   
NSE:BANKNIFTY   Nifty Bank Index
Pattern : Support/Resistance
Range : Medium
Buy Above : 44840
Stop Loss : 44760
Targets : 44920, 45000, 45120, 45240 and 45360.
Sell below : 44640.
Stop Loss : 44720.
Targets : 44560, 44480, 44400 and 44260.

Expected Expiry Day Range is 44500 to 45200.

Hit the like button to rock !!

Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Comment:
Pattern formation. Rounding bottom.
Comment:
Weak.
Comment:
Multiple resistances ahead. Wait for price to gain strength and trade.
Comment:
This is how multiple resistances react.
Comment:
Volatile RBI move.

Roles I play here : Author, Analyst & Moderator.

Free Telegram Channel. t.me/Analysis4Newbie
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.