BANKNIFTY
Nifty and bank nifty CPR tutorial.In banknifty we can clearly see that it has given a close above CPR and its R1. Whenever the prices close above the CPR and/or R1 it is said that prices move up.
In nifty it has given a close above CPR and weekely central pivot. So again an upmove is expected.
Buy on dips is suggested for the coming session on 13/8/2019.
CPR and pivots are marked with blue arrows on a daily chart. Hollow candles can be used just to see where the exact pivot is inside the candle.
Thank you.
banknifty short stop loss 30920
look for pullback till 30900 , and then look for short.
1st target ===30200
2nd target ===29064
3rd target ===28420
4th target=== 27720
5th target===26737.
Disclaimer: All posts/views are for educational purpose only..!!
Kindly contact financial advisor before taking position/decision.
Comprehensive anlyzed for BANKNIFTY.3 down spikes mentioned in the chart. Both spikes have the same measurement in numbers.
The pivot also has drawn and inner red control price is the first target.
Selling in value preferable for my strategy.
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Bank Nifty : Wait till a confirmation presents itselfBank Nifty made a new intra day low in the final few minutes of close which does not spell great news for the bulls. It is about 150-200 points from testing the January '19 low of 26441 and December '18 low of 26408. One should await this move and see the behavior at the levels and wait for a confirmation in either direction.
With the present scenario it is advised that one stays cautious and takes very moderate trades.
BANKNIFTY VIEW FOR 18-FEB TO 24 FEBKindly Go through the Chart , If you want to earn Peacefully means Trade Only There is Opportunity ...
Kindly Note : Breakout Means That Candle Will Trade Without Touching Given Lines
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