Banknifty making a symmetrical triangle pattern in 15M chart
you can go long on bank Nifty with small SL for 1:3 RR if it gives a close above 37200 with high volume.
Avoid shorting BN before a good fall and retest confirmation
tomorrow is weekly expiry and it could be one of the best expiry we've ever seen because of EQUINOX .
give your views in comment section, thanks...
Axis bank is forming a good double bottom pattern along with the cup and handle.
The resistance area is around 760 -765 zone. Once this is taken out then the stock can again test its 52 week high levels.
The SL can be placed under the 740 zone on DCB.
For educational purposes only. Please consult your CA before investing your money.
1) On Daily Time frame it had formed rounding bottom and breakout it. It was breakout on 9-08-2021. Since then it has been testing the breakout level of it. Which is placed at 754-755 range.
And it has been taking support from the range and closing above it, since last 6 days.
2) On Daily Time Frame, it also took support from...
the technical analysis of GFTMA FX BROKERAGE
AXIS BANK is moving inside the pattern, so it show that price is under pressure in resistance zone
After corona AXIS made a recovery , but till price get rejected from the resistance zone
Wait for the pattern breakout then find your opportunity
follow my chart as a clue to market
if you like our analysis then...
Since last 3 days it failed to closed below 755 level and taking support from it.
And it has been making triangle pattern on 15min time from since last 3 days.
Breakout of this pattern on either side will give good move.
Levels and targets are mentioned on the chart. I hope it is easy to understand.
Do comment your doubt or suggestion.
Sell Below 748
Green Lines = support. Consider it as your Target if you short/sell it after the mentioned level.
Buy above 760.
Red lines = resistance. Consider it as your Target if you go long/buy it after the mentioned level.
SWSOLAR is around its resistance zone which it has tested many times, and this time with good volumes we can expect to cover the gap down it had in 2019
Targets (pink), entry price (white) and stop loss(pink) are marked on the chart.
++++++++++++++++++++++++IF IT SUSTAIN ABOVE BLUE ZONE GO FOR BUYING SIDE ++++++++++++++OR++++++++++++++
++++++++++++++++++++++++IF IT STAYS BELOW BLUE ZONE GOR SELLING SIDE +++++++++++++++++++++++++++++++++
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++