Educational Purpose.
It has reversed from a Bearish Harmonic Alt Shark in hourly time frame and done a min 38% retracement. There is a possibility of a trend line breakout ONLY if it manages to break "above 328" for 360 where it has a Bearish Harmonic Butterfly. Failure to cross would see continuation of retracement till 50-62%
Bank Nifty trading in the trend line channel. On the upper side major supply zone @ 21500-21800 and downside short turm major demand zone @ 19000-19200. Also, there is trendline support near the demand zone. In any case, if Bank Nifty will break and sustain below 19000 then minimum 1000 points downside range will open. The yellow zone is an OTM option...
#falling wedge -price continuation....
MARKED are the resistance levels for BANKNIFTY, find the support?
Educational Purpose.
SRTRANSFIN as Option trade expiry between 600-700
fundamnetally NegATIVE TO NEUTRAL (SHORT TERM/6 MONTH) TECHNICALLY on levels looks weak and can slide further invalid if 2850 /2900 kicks out and sustain long term buy beautiful at 1450 to 1600 bracket