NSE:BANKNIFTY Looks strong. Today in the last few hours it rallied due to the results of SBI. PSU Banks will be outperformers for a few days. Hanging Man Candle at top coinciding with High RSI. We can either see a Gap up on Monday or a Retest or both.
Looks bearish below 1370 with stronger support @ 1360 below that @ 1340 Looks Bullish above 1420 with targets 1465, 1500, 1560
After spectacular run for last two session today bank nifty consolidated between 200 point price range and we are see exhaustion so i am expecting downside move it break the supports as giveni in charts .
Short at key level Long if gapdown and open above important support and Orange line support.
See old trade charts of mine to compare what I needed for this breakout and how things turned out on our side :) Now it is resting on the gapper support we have there + trendline too soo seems quite bullish to trade on with a small risk a good bullish candle tomorrow = trade on a daily close above 1500 round lvl = biggi break for further upside for this month...
In case market opens Gap down Target will be 33000 with SL as per your risk appetite. REMEMBER WHAT YOU DO WHEN ONE IS WATCHING , THAT COUNTS.
On Daily Time Frame, Above 200 EMA
wait for the breakout for buy entry (We can go long from blue price range)
Trading is a game of probabilities. To be a profitable trader, you don't have to win every single trade, you have to learn how to trade when the odds are in your favour.
all studies mentioned in the chart 🍂it may come down a bit more. 💢today both nifty and bank nifty was created a gap,so there is a chance to fill the gap at any time. 💢but note that guys INDIAN MARKET ready for new high so our stock also hit new high. 💢wait and watch the play. do your study guys. like🍂comment🍂support
Short @ C.M.P (CURRENT MARKET PRICE) Buy Target 1 :- 270 Buy Target 2 :- 262 Buy Target 3 :- 254 Buy Target 4 :- 247 SL (Stoploss) 320 SHORT IN FUTURE CONTACT. AVOID OPTION
Wait for the breakout and pull back for short