BANKNIFTY FUTURES 25 JULY 2022
Bank nifty had good momentum since open, but as soon as it crossed the long term down slopping trendline coming from 1D time frame at 36641, it lost its momentum, and started conslidating in the supply zone above 36646, ended in the zone itself.
Hence you can see my levels and zones are drawn with such a perfection that price respects it very well.
Yestereday i also anticipated a cup and holder breakout, which was succesfully done at open itself in the first half.
Observe a narrow uptrending channel in which price is hovering since last 6 days.
Please trade around the levels and zones only to get best risk reward
I expect atleast 3% correction now in bank nifty in next week.
Hence you can see my levels and zones are drawn with such a perfection that price respects it very well.
Yestereday i also anticipated a cup and holder breakout, which was succesfully done at open itself in the first half.
Observe a narrow uptrending channel in which price is hovering since last 6 days.
Please trade around the levels and zones only to get best risk reward
I expect atleast 3% correction now in bank nifty in next week.