Bank nifty has broken the dow theory concept of Higher low and Higher high in weekly charts. As per dow theory trend changes when the last higher low is broken, so we can clearly see a trend reversal in Bank nifty. The last Higher low was - 26560, so if the BnF close below this by end of this week. Then we can expect trend changing. Also two key Moving averages...
it looks slightly weaker, one should sell below 533.9 for the target of 523 , hold for a week.
NSE:BANKBARODA day trading levels for friday zoom out for all the levels
Intraday trader's can sell below horizontal line for the target of next H.line below or you can buy once we see a trend-line breakout. right now its choppy, also keep eye on rsi
NSE:BANKBARODA Stock is testing long term support levels. Accumulation with outperformance against Nifty50 index is notable. Price confirmation is required before initiating longs. Should be watched.
MOMENTUM TRADE IN INDUSIND BANK (FUT) BUY @1454 STOP@1436 TARGET@1474-84 LOT:400 QTY:2
BNF to pullback to support zone L1-L2 to push higher towards 28246 for 16 Aug......stops below 27700 ......Respect risk.....Happy trading