BankNifty's route=map for 30th march
As we saw today, BNF opened with a gap-up and faced a rejection from 50% level of Fibo [based on Bullish Cypher pattern]. Price got hit Target 1 in down-side and then stuck in a range till 3pm. In last 30 minutes buyers pushed the price up but couldn't close above the Day high.
As Price still in a Resistance zone, can cross by Gap-up or a strong momentum. if not then correction will start and we see 35300-100 level.
Found a Possible ABCD pattern in the chart, will active after 35950. Please have a look into the chart to get all details, have tried to draw everything as much need to do.
If agree with the Study, then Please LIKE....
HAVE A GOOD GREEN TRADE
As Price still in a Resistance zone, can cross by Gap-up or a strong momentum. if not then correction will start and we see 35300-100 level.
Found a Possible ABCD pattern in the chart, will active after 35950. Please have a look into the chart to get all details, have tried to draw everything as much need to do.
If agree with the Study, then Please LIKE....
HAVE A GOOD GREEN TRADE
Note
As BNF opened above the Target 1, Successfully reached to Target 2 & 3. Then price exactly fell from T3 to T2 and trying for a Up-move again.
Total 350+ points till yet.
Note
Buy 36200 PE above 250...Target 1 - 300-315
Target 2 - 420-430
Note
Buy 36300 CE above 320...Target 1 - 360
Target 2 - 400
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.