Kinnari_Prajapati

Banknifty with New value area plotted with projection

NSE:BANKNIFTY   NIFTY BANK
Banknifty formed a new channel which has target 31070 nearby.
This is also resistance and Pivot for changing direct for short term at 3020 nearby.

This new channel is not reliable as compare tight and bigger channel.
Jun 26
Trade active: This is the complate and clear picture with footprint on BANKNIFTY
Jun 26
Comment:
Jun 26
Comment: Wait for short... DONT short till.
it will not come down
+1 Reply
@rupambose32, Everything comes down which go up. Its requite to take action at the right time and right value. This is last hour of trading so, I am not suggesting to take a short position but profit booking is necessary for a trader.
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rupambose32 Kinnari_Prajapati
+1 Reply
rupambose32 Kinnari_Prajapati
@Kinnari_Prajapati, budget rally
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