hey24sheep

Bank Nifty Analysis

NSE:BANKNIFTY   NIFTY BANK

Hi, its my first post and analysis.
I think bank nifty could go anywhere this week as it wasn't able to break the peak of candle made on 9th Jan.

If it breaks 27815/27875, it will go up. Probably up to 28388

If it goes below 27639, it will go down. Probably up to 26644

I personally feel like it will go up or will be range bound between 27500 to 27815

What are your views? Let me know :)

Thank You, Happy Trading

Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
Comment: As per my analysis, it got up :) Enjoy profits
Trade closed: target reached: Opened gap up with 27,840.10 breaking first level according to my analysis and made intraday high of 28,035.60 breaking second level of 27875.
grt work bro
+1 Reply
hey24sheep tamilstocks
@tamilstocks, thanks
Reply
I feel it would come down due to uncertainty about Global situation and ongoing issue between India and Pak. Let's see next week :)
Reply
hey24sheep rachitstnd
@rachitstnd, Thanks for noticing and liking. Markets are uncertain but lets see :)
Reply
rachitstnd hey24sheep
@hey24sheep, Sure, please have a look to my idea too and share your feedback
Reply
hey24sheep rachitstnd
@rachitstnd, Ah, nice. It could go either way, but if it goes down, I don't think it will go down more than 26950. Let's hope for the best though :) I can't comment on your post cuz I don't have enough rep, sorry.
Reply
hey24sheep rachitstnd
@rachitstnd, :) +204 points
Reply
rachitstnd hey24sheep
@hey24sheep, Yeah, seems its going to touch it all time high 28400, then move downwards
+1 Reply
hey24sheep rachitstnd
@rachitstnd, seems like it
Reply
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