Banknifty with New value area plotted with projection

Nifty Bank IndexNSE

Description

⋅ Jun 26, 2019 5:51 AM

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.

Trade active

⋅ Jun 26, 2019 5:53 AM

This is the complate and clear picture with footprint on BANKNIFTY

Comment

⋅ Jun 26, 2019 5:53 AM

Comment

⋅ Jun 26, 2019 9:17 AM

Wait for short... DONT short till.

Comments

UnknownUnicorn646072

⋅ Jun 26, 2019 9:18 AM

it will not come down

Trade-Technique

⋅ Jun 26, 2019 9:21 AM

@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.

UnknownUnicorn646072

⋅ Jun 26, 2019 9:21 AM

@Kinnari_Prajapati, yes

UnknownUnicorn646072

⋅ Jun 26, 2019 9:24 AM

@Kinnari_Prajapati, budget rally