Banknifty reversal zones 28-12-2022Note: Always try to find a good price action patterns or any candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss.
(Color code for Support & Resistance zones: Red - Sell, Green - Buy, Price once cross above resistance it is obvious it will work as support, vis versa price cross below support zone ). If any doubt for take entry in price action patterns, please ask in comment box, i will try to help.
Disclaimer: Im not tip provider and this chart is not indented to take trade in my levels, It is shared here for learning purpose. Trading in this pattern is all your own risk.
Bankniftyreversal
Indusind Bank Target 1600 , 1800, Flag and Poll breakout Indusind Bank is consolidating after giving breakout in Aug 2022 .
Bank Nifty moved 4000 point since Aug 2022. The move lead by ICICI Bank, Axis Bank, SBI, HDFC Bank and Along with PSU BANK
Kotak Bank and Indusind Bank has not moved in rally, So as Index start correcting
i.e. HDFC, SBI, AXIS start correcting Index will be managed by Kotak Bank, ICICI bank and Indusind bank.
Indusind Bank
Buy IndusInd Bank Above 1280
SL
T1: 1460
T2: 1578
T3: 1800
After Flag and Poll breakout
Global cue should support market direction