nextgen
Long

Bank Nifty buying opportunity

NSE:BANKNIFTY   NIFTY BANK
156 2 2
Bank Nifty             has been trading in bearish channel since start of the week, as in my previous analysis bank nifty             target hit today and bank nifty             closed just inside the trend line support making small false break. It seems it retested the support today but didn't make breakout which signs a long entry, Bank nifty             may go upward direction from tomorrow and also start from the next week with a target of 19110 in near term. traders have to be cautiously watch breakout downside it it opened in red then further downward is confirmed and it will head first support 17800.
Trade active: Bank nifty seems respecting support stay long.
icici bank a major contributor of bank nifty touching and bouncing on 100 ma hich is also indicates a bounce back
Reply
@ajayww2, ICICI Bank trading in uptrend channel respecting support and resistance, as it has touched resistance and approaching the channel support somewhere between 248-245 in near term. bounce back will be after touching the 248 level.
Reply
English (IN)
English
English (UK)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out