Hello Traders,
Today BANKNIFTY faced resistance at the previous day high and it was bearish.
It formed a RECTANGLE pattern when there occurs a CONSOLIDATION.
When the BANKNIFTY breaks the Day's High we can expect a BULL Run.
When it breaks the important SUPPORT level -- 377020 we can expect the GAP fill to happen.
1) GO LONG when BANKNIFTY breaks above 38800 ( Day's HIGH )
TARGET -----> 39350
2) GO SHORT when BANKNIFTY Breakdown below 37720
TARGET -----> 37235
Do comment your thoughts...
Thank you <3
Today BANKNIFTY faced resistance at the previous day high and it was bearish.
It formed a RECTANGLE pattern when there occurs a CONSOLIDATION.
When the BANKNIFTY breaks the Day's High we can expect a BULL Run.
When it breaks the important SUPPORT level -- 377020 we can expect the GAP fill to happen.
1) GO LONG when BANKNIFTY breaks above 38800 ( Day's HIGH )
TARGET -----> 39350
2) GO SHORT when BANKNIFTY Breakdown below 37720
TARGET -----> 37235
Do comment your thoughts...
Thank you <3