DSKF16

BANKNIFTY: Is DIP Closer to an END?

Long
NSE:BANKNIFTY   NIFTY BANK
Bounce Level : 25610
Crucial Reversal Level 25490. (Closing basis)
CUP & Handle Pattern.
Near Short Term Trend Line (as Support)

Keep in Mind:
#1. Closing is Near Fib R 0.50 of "KF"
#2. LOW is Median of Parallel Channel .


Std, Disclaimer: Education Purpose Only. Taking Trade decision Consult Fin. Advisor.
Comment: achieved TGT #2: 26014.78
Trade closed: target reached: made high 27164.55

Above TGT #5 26972.05

Comments

very good analysis..now what u expect? this rally should continue i believe till 26500 as 26500 has huge resistance in terms of call writers
Reply
DSKF16 theshamik
@theshamik, Before 26500 some Levels are here. 26105 (Minor), 26147 (Strong), 26207 - 26242 (Hurdle Zone), 26366, 26502 (Optimum)
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter