BANKNIFTY_16SEP_EXPIRY

🟢 BankNifty Fut after breakout sustaining above headroom resistance of 36300
🟢 Momentum indicators are bullish with RSI broken out above 60 & ADX rising.
🟢 As #Long as 36278 is defended on day closing basis it can breakout on upside.

🔴 BankNifty getting supply around 37075 levels. Once taken out ATH is most likely.
🔴 Once it breaks 36275 with volume then view will be negated and it may go down.
⚪ TradePlan: Avoid this congestion zone or play contra near S/R with SAR approach.

Comment:

Disclaimer: All these stock ideas or trade updates shared here are for educational purpose only and completely non-advisory in nature. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE / BSE / MCX market basis this ideas. Objective of posts is to educate and help members learn technical analysis and hedging techniques from my personal trade picks to reduce the risk per trade and save yourself from bigger losses.

All these trade picks are selected using technical analysis and price action (VSA MomentumInvest Trading Setup) and for my own trading purpose only. Technical indicators are lagging and may generate false buy/sell signals. Market is supreme and my views may go horribly wrong. Please don't consider these trade ideas as trading recommendations. You may consider it for learning or at max use it for paper trading. Strictly avoid it for trading using real money. I am not responsible for any kind of profit and losses arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades (or trade at your own risk).

Comment:

🟢 In the expiry day #BankNifty broke out above 37075 & tested ATH in badbank news