AbhishekHSinghCMT

BankNifty- Magical Channel- Looking Left Trading Right

NSE:BANKNIFTY   NIFTY BANK
6
Bank Nifty Opens at 20150's zone travels to channel top@20264 gets resistance & falls to 19996 -which is in proximity of earlier swing high@20015 shown as blue trendline. This is how channel & previous highs worked as halting points for Bank Nifty

Trade active: 13:05 Hrs- 23rd Sep2016

Bank Nifty is Trading at 20010 same support as of yesterday -let the support be broken or If Bank Nifty crosses 20050-20060 zone - has potential to touch the zone of 20170-20180 again where it should get resistance of the channel drawn.
Trade active: 19:23 Hrs 23rd Sep2016

Finally the support zone of 19970-20015 was broken & there was nice move down for 100 points, making a low@19861 & touching the center channel.

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

YouTube Channel https://www.youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
https://twitter.com/TalksWave

Telegram Handle
(Deleted)
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.