BankNifty trading around a Resistance zone. Price broke it but couldn't sustained and fall-down quickly in yesterday session.
For tomorrow as global market has taken a good bounce, it seems that BNF can open with a big Gap-up. but the Up-trend will only be confirmed if price crossed & sustained above the resistance zone.
Both side levels and Targets are mentioned on the chart. Always wait for closing the candle before Entry.
This study based on Harmonic Pattern, Fibo Ratios and Price action.
Please LIKE if found it helpful.
For tomorrow as global market has taken a good bounce, it seems that BNF can open with a big Gap-up. but the Up-trend will only be confirmed if price crossed & sustained above the resistance zone.
Both side levels and Targets are mentioned on the chart. Always wait for closing the candle before Entry.
This study based on Harmonic Pattern, Fibo Ratios and Price action.
Please LIKE if found it helpful.
Comment:
If look into today's BNF chart then can easily see, it just stuck in a range of 200-250 points. Crossed buying level @35680 multiple times but couldn't hold above the level.
Will upload a fresh chart for tomorrow session soon.
Will upload a fresh chart for tomorrow session soon.
Comment:
Study went very accurate...
ALL up-side Targets are got Achieved today, However it was made for 16th March. but as the pattern was under progress mode from C to D, now it completed the journey and the retracement will begin.
ALL up-side Targets are got Achieved today, However it was made for 16th March. but as the pattern was under progress mode from C to D, now it completed the journey and the retracement will begin.
Buy below 35550 if price close in 5 minutes timeframe...
Target 1 - 35450
Target 2 - 35350
As BNF trading in a Sideways. Suggest to exit from trade before the trend get confirmed.
Upside buying will be active Above 35810. Targets will be same as mentioned on the Chart.