This is called Market Geometry. Reliance in correction mode. B retraces 50% of A and usually A=C or C is bigger than A by 161.8%. DISCLAIMER:There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of my research. You are advised to rely on your judgment while investing/Trading decisions. Past...
This chart purpose is for only education of share market don't use for trade. there is posibility of the bank nifty is increase 23900 target 1 :21500, target 2: 20700
Comments in the chart
bank nifty has been given RSI break out and will be go upward at 22082
USDCAD is coiling for its next move. The higher lows suggest strength, but USDCAD needs to secure a close above 1.34200 to open the door to the 1.35000 area. Keep an eye on 1.33720 in the event of a pullback. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . ....
It's a perfect chart to understand about negetive and positive divergence. When price go up and rsi go down its call negetive divergence (indicate by blue line in chart) after that price will go down & if price go down and rsi go up its call positive divergence (indicate by red line in chart) after that price will go up.
For Educational Purpose Do not consider this a trading call. Consult a financial advisor before executing any trades. "Risk Management" is the most important lesson -a trader has to learn before taking any trades. ...
Price moved 140 points from the support and it was a big move and money as well. 1400 will act as resistance level for the current up move and All time high is very near by ! So from the above it is clear that when price is trading at the support try buying it with small stop loss ( previous low / just below the support )
In continuation of reversal identified at 1320 Pattern marked.
Banknifty reversed exactly from the area of floor pivot S1 and camriall pivot L4, which are potential reversal points. Adding these to charts can make one knowning advance key data points