Techview on bank nifty for 5th may 2021
At the closing of market global market made pressure on indian market and bank nifty fallen almost 700 point and at the end of the day bank nifty turn into red.
after today today trading session bank nifty made kind of head and shoulder pattern on 30min chart and the neckline of the pattern is around 32150 around the closing point.
Tomorrow Gapdown Opening expected in bank nifty and global markets corrected more in late night than the gapdown is much possible.
If bank nifty open below the 32150 sell bank nifty with stoploss of 32150 for the target of 31500.
if not watch the level of 32150 if it holds go long for the target 32900 with the same stoploss 32150.
Disclaimer:- Do your own research before investing trade on your own risk.
after today today trading session bank nifty made kind of head and shoulder pattern on 30min chart and the neckline of the pattern is around 32150 around the closing point.
Tomorrow Gapdown Opening expected in bank nifty and global markets corrected more in late night than the gapdown is much possible.
If bank nifty open below the 32150 sell bank nifty with stoploss of 32150 for the target of 31500.
if not watch the level of 32150 if it holds go long for the target 32900 with the same stoploss 32150.
Disclaimer:- Do your own research before investing trade on your own risk.
Disclaimer
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