Bank Nifty Weekly Analysis 3
Updated
Here is my analysis for coming week.
I would suggest be careful on coming Monday as only 3 days of trading this week, Market would be more volatile this Monday.
TIPS
- If market open gap up, be careful and trade only if it creates a candle (after confirmation) above 30400 to R1 (shown in chart)
- If market opens gap down, it could easily go down 70-100 points or maybe more
If it goes below S3 and S4, Then we will see a big downfall.
Personally, I feel like market would go up. It is a temporary pull back after a 2 days long and +500 point movement.
You could go and check my previous posts and confirm my analysis success rate and confirm it by yourself :)
Please like, follow and leave your feedback.
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
I would suggest be careful on coming Monday as only 3 days of trading this week, Market would be more volatile this Monday.
TIPS
- If market open gap up, be careful and trade only if it creates a candle (after confirmation) above 30400 to R1 (shown in chart)
- If market opens gap down, it could easily go down 70-100 points or maybe more
If it goes below S3 and S4, Then we will see a big downfall.
Personally, I feel like market would go up. It is a temporary pull back after a 2 days long and +500 point movement.
You could go and check my previous posts and confirm my analysis success rate and confirm it by yourself :)
Please like, follow and leave your feedback.
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
Note
As you can see, this week bnf got down and tried to broke and sustain below s3 but couldn't and moved up.
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