Banknifty in the last trading session has started trading below 45000 levels and closed below it.
It has formed a gravestone doji on the weekly charts and broke the recent support level around 45050 levels.
Market consolidated on the higher levels and has given a break down. If the market are there for a healthy retracement, it will reverse after testing...
script broke its tight range
tested the level with 1-2 candles above range
looks tempting to go long
based on resistance level breakout theory
getting support of volume and also RSI
disclaimer - trade @ own risk, stop and target based on risk appetite
Nifty on the daily time frame has formed a doji candle.
Its taken resistance from its 17710 level and closed on almost flat.
The market has consolidated and took support from its 20 ema on the hourly time frame.
In the last trading hour the market fell and closed on the bearish note.
On the 15 minute analysis, the market has closed between 20 and 200 ema. It...
CONTINUATION TO IDEA POST OF HOURS AGO 🕵️♀️
VIEW ON CLOSE 👉
INDEX TOO DIDNT JUMP OFF THE TRAIN
TOOK STOPPAGE (CLOSED) @ THE SUPPORT STATION (TRENDLINE)
WILL THIS TRAIN TAKE A U TURN N GO DOWN TOWARDS KANYA KUMARI OR RUN UP TOWARDS KASHMIR ???
🤦♂️THIS CLOSE MAKES IT MORE INTERESTING EXPIRY DAY 🤦♀️
BELOW IS THE PREVIOUS CHART FOR REFERENCE 👇👇👇
BNF counter trend trade for aggressive and nimble traders only to go long with stop @ 26945 ...........shot for 27415 MAX.....Respect Risk...........Happy Trading
