The bearish engulfing pattern has been created in the daily chart.
So it can be said that trend reversal is starting.
Bank Nifty may trade in the range 28604 -29597
Decision Level :29360 Above & below :Bullish & Bearish .
Above 29360 : 29455/29597
Below 29360 : 29262/29165/29060/28947/28838/28724/28604
1st level to watch out : 29455 for upwards
: 29060 for downwards
Sell on rise strategy may be consider.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
So it can be said that trend reversal is starting.
Bank Nifty may trade in the range 28604 -29597
Decision Level :29360 Above & below :Bullish & Bearish .
Above 29360 : 29455/29597
Below 29360 : 29262/29165/29060/28947/28838/28724/28604
1st level to watch out : 29455 for upwards
: 29060 for downwards
Sell on rise strategy may be consider.
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Comment:
as of now range 29060-29455
Comment:
looks weak
Comment:
28800 possible
Comment:
d lvel now resistance
Comment:
data suggesting ....some bounce back possible
Trade closed manually:
quite difficult to trade
Comment:
booked some small profits
Trade active:
28838/28724 possible
Trade closed: target reached
gap up open..
exact in d level.
wait and watch....