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AbhishekHSinghCMT
Long

BankNifty- Worked twice as channel resistance

NIFTY BANK (NSE:BANKNIFTY)  
AbhishekHSinghCMT  
NSE:BANKNIFTY   NIFTY BANK
215 views
5
3
One channel & so many benefits- first it worked as resistance at 20264 & gave us a fall of 1000 + points to bounce from 19059 & look the beauty -same channel acted as resistance & BankNifty made a high of 19816 -which again got restricted by the same channel giving us again 1000+ points.

Will it bounce from the channel support? -Time will let us know.

BankNifty- Simple Support Area 19730-19750 Working
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

Comments

ajayww2
In long (short puts) what is the spot target ?
Reply
AbhishekHSinghCMT ajayww2
First, we need to see whether channel holds, then only we will plan our trades. Never catch a falling knife- we won't be always fortunate to escape the damage. so we will wait & watch for the green signal from the market.
Reply
ajayww2 AbhishekHSinghCMT
Thank U
Reply
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