HDFC analysis and Fibonacci ratio to resistance
Bank Nifty Support and Resistance in 1hr chart
BNF counter trend trade for aggressive and nimble traders only to go long with stop @ 26945 ...........shot for 27415 MAX.....Respect Risk...........Happy Trading
Wait for pullback to occur and go short with T1 @ 26971-26806
Marked Yellow lines are crucial Support Levels for the Bank Nifty. If Nifty Close above the yellow line, then First target would be around 28600+ If close below the yellow line then the first target is 28067 and close below that will leads to 27700. Kindly avoid buying/selling on consolidated area (Yellow line) Disclaimer: For Education purpose only
Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)... But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down... Let’s see in next week
BNF to pullback to support zone L1-L2 to push higher towards 28246 for 16 Aug......stops below 27700 ......Respect risk.....Happy trading
1 Aug bars have turned into support but 500 SMA is also strong. What do you think ?
Probable Downside, but also watch 50 SMA closely. What do you think ??
Probably Playing S&R, Also 100 SMA is in helping to give a clear trend picture. Falling would be a most likely condition as compared to Nifty 50 but don't ignore the support just below. What do you think ??
HDFC chart analysis, HDFC interim support rests at 2000-2010 around that it must take retracement to statisfy the long trend line, a closing below 2108 can take it upto 2050 levels then further downwards and upcoming resistance is being observed at 2192 after which a closing and a follow up can give good move in HDFC. Support and resistance are still yet to be...