Today bn closed near all time high, breaking above 43500 will generate a fresh up move. Strong support is placed at 41900 Breaking these levels either side will create strong momentum Mark these levels in your chart.
Bank Nifty looks amazing, as we saw it broke pattern 1 which was a simple channel pattern, As we zoomed in we realized 2nd pattern (marked in purple) which is called the triangle pattern, this pattern has already been rejected two times by sellers in the past(shown in the chart) today Pattern 1 was broken with a huge green candle this shows that buyers are in...
nifty bank is ready to shoot up for moving ahead next target which is 36000-36600 (1000-1600) point upmove we can see in next two - three trading session. 1.Nifty bank breaking the resistance of 35000 and immedaiate resistance is 35200 which will break soon. 2. Nifty bank is overall uptrend. 3. Looking the opportunity for long with the sl 34830 entry around...
May 17, 2021 (Green Light for Bank Nifty)
buy bank nifty
We have Wave 1 complete in the downward direction now is forming Wave 2 which is an upward correction; Hence this is a temporary buy move till the price reaches the Supply Zone formed between 24210.20 and 25232.60 From this Supply we have a Wave 3 in the downward direction which will be our next Trade; For now Buy 24200 CE for Oct Expiry;
As discussed earlier price forming a pattern at the channel support and today it was like a constipation trade, expecting a break from the pattern and Gap up open is a good possibility for tomorrow open.
Bank nifty Intraday || BANKNIFTY