As per wave analysis...Bank Nifty is looking for a upside opportunity....!!! It might take a resistance at the upper level...but in long run banknifty is positive only
use 5min frame Based on market opening possible waves projected
Bank Nifty Prediction for tomorrow 29 June
Nice consolidation, and strong inverted head and shoulder pattern. A strong move can be seen.
Stock has been making lower highs, but we have 20-50 EMA crossover and rising RSI, indicates the stock can gain upward momentum. Stock has been in accumulating zone from April 2020 which can be seen in volume. if the stocks breaks levels of 350 we can see upward movement till 400++. Take long positions carefully. For Educational purpose only.
You know what to do, just follow the setup and me :P Entry only after a green candle spotting.
Use 5min frame Based on market opening possible waves projected
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added...
PNB Bank is showing 2 bullish patterns and also it gave golden crossover recently! lookout for the month of July, it's going to be the month where banking stocks dominate the market! immediate targets and SL are marked in pink.
SBIN seems to be in Big Green rally As it has completed wave 1 at 428 wave 2 be expected to be ongoing wave 3 target would be around 596 Followed by wave can go below till 428 which is the main support for it or it can bounce back at 490 For a target of 767 if it crosses 661 and sustains NSE:SBIN
Bullish Flag Pole pattern Watch for breakout.
BANKNIFTY EXPECTED TO BE ON LONG FOR NEXT WEEK.
#79 (GENIE IDEAS): I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. Leave a comment that is helpful or encouraging. Let's master the markets together .
#78 (GENIE IDEAS): READ THE COMMENT SECTION FOR TARGETS.I will daily post intraday/swing/positional trading opportunities so u can analyse and get the most from it. if you like my analysis do like and follow me as a token of appreciation.and if you have any queries let me know. Leave a comment that is helpful or encouraging. Let's master the markets together .
Use 5 min frame Possible waves projected depends on market opening