BANKNIFTY BreakoutCan expect BNIFTY to cross 35600 in coming days, if global and domestics cues are positive, it is taking support of 20 EMA .Rising RSI.
Please take long positions carefully.
For Educational purpose only
BANKNIFTY-TRADE
Banknifty for analysis for upcoming days.As the upcoming budget is on its way, we got 10 trading sessions before that and after that, we can expect a clean directional movement.
the market is very volatile right now, it's better to reduce your risk and position size.
H&S pattern is on its way hope it makes sense.
#NO one can predict the right-hand side of the market accurately.
#happy trading
Bank Nifty - Keeps FallingAt 20800 ,No Buyers Left, Sellers still under control, for intraday sell on lower highs(50-78% retracement), for next few trading sessions to next demand zone.bank
BANKNIFTY long I hope you can now see how BANKNIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these chart will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these products are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. The publisher assume no responsibility for your trading results. There is a high degree of risk in trading.
Bank-nifty is Xerox-Machine of pattern?This post is for fun only!
We can prove from this repeating : " The history repeat itself in price. "
BANKNIFTY, will not back again? Answer is, Still exist BULLSBankNifty closed at support.
Last hope at 29211.
Trendline support 29395 - 29450
Even if the trend channel is continuing, and the following possibilities still exist;
1) Gravitate price will attract the value, so long traders have target 29977.
2) The support at 29395-29450 will push the nifty toward to 29700.
3) Last hope at 29211, if bank nifty slip to that will be a pure bearish trend.
The formation of a bearish candle following a Bearish Belt Hold on the daily scale indicates that bears are now forcing the market to restrict its momentum.
It can slip the next 1-2 sessions if above is not exist.
One our NF trade range get broken, there is a trade chance...Did you note that I have mentioned in last update, CHOPPY, SIDE-WAY trading? You know exactly Nifty and BankNifty doing what we expect from technical analysis. My Goal is for you to be accurate and make judgment perfectly based on pure technical analysis.
Look at the chart, written by me the title of the chart is the SMALLER VALUE area, we have a bigger value area on the bigger timeframe of the chart.
Still, I am stand-good on my judgment "its side-way, choppy, tight range trading secessions, etc whatever you call it". BUT I DONT PREFER TO TRADE this type of range trading. WAIT AND WATCH FOR BREAKOUT.
Definitely, I will update whenever you need it. just comment if you have anything.
Who has controlled on BANKNIFTY, how?In the chart, it's clearly visible that the strength of the buyers is much higher than the sellers. If a resistance not considered then, the next target is against our eye at 30389 .
On a Sunday, I have told you a post what is going on if remember.
