Nifty Bank IndexLong
Bank Nifty : +500 to +1000 points Upside Potential
Updated
Followup chart
01 Dec 2022
Bank Nifty is trading above the previous ATH of 41840, 42700 is acting as a good support, which is also the zone of HL trendline.
In Play : HH:HL
Summary :
- CMP 43231
- BO with good volume(closed below BO)
- Huge VP activity seen in 42800-43245 zone
- TL support
- PC support
Conclusion :
Following what the price is showing is always a good idea in stock market, we will do the same, trade can be planned for higher targets of 43842 to 44250.
Position can be held till the price is holding the trendline in simple terms, we can see a reaction in the second target zone of 44250 which is placed +1008 points,
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
01 Dec 2022
Bank Nifty is trading above the previous ATH of 41840, 42700 is acting as a good support, which is also the zone of HL trendline.
In Play : HH:HL
Summary :
- CMP 43231
- BO with good volume(closed below BO)
- Huge VP activity seen in 42800-43245 zone
- TL support
- PC support
Conclusion :
Following what the price is showing is always a good idea in stock market, we will do the same, trade can be planned for higher targets of 43842 to 44250.
Position can be held till the price is holding the trendline in simple terms, we can see a reaction in the second target zone of 44250 which is placed +1008 points,
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
Note
Pre Market 06 Dec 2022
Dhiraj Singh Bais
App : Power Profit Academy
Instagram : instagram.com/old_school_trader007?igsh=MXYyMDFkbHN6azZuZw==
Website : dhirajsinghbais.com/
Twitter: @OldSchoolTdr007
Whatsapp: 7379556677
App : Power Profit Academy
Instagram : instagram.com/old_school_trader007?igsh=MXYyMDFkbHN6azZuZw==
Website : dhirajsinghbais.com/
Twitter: @OldSchoolTdr007
Whatsapp: 7379556677
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