NSE:BANKNIFTY
banknifty formed inverted hammer at resistance
closing above 28100 will start the rally
27500 will act as support
RSI also at upper resistance level
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
Bank nifty moves around -1908.30 pips from 19th August 2019 to 23rd August 2019, in which bank nifty break last week 12th August 2019 to 16th August 2019 top 28358.85 as well as bottom 27683.50.
BANK NIFTY: Breaks February Bottom: 26617.70
Buy at 28217 Stoploss 27360 Target 29600
Reasons For Trade- 1.Price creating base near trendline support
2.Monthly Important support near 27630
3.On weekly and Monthly Chart strong bullish candlstick pattern is formed.
4.Risk Reward is 1:1.5
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->05th August 2019 to 09th August 2019
Bank nifty moves around +1213.25 pips from 05th August 2019 to 09th August 2019, in which bank nifty break last week 29th July 2019 to 02nd August 2019 bottom 27936.35.
1.Overall Market looks bearish as price failed to cross above 200 MA and it broke Channel support before day's close
2.Support is @ 28600 ,if price manages to go past that,then it might reach 28315
3.On bullish side,price might retrace a bit and rally up-to 28900
In the coming days,if bearish sentiment continues,price might reach next major support which is 28000
Bank Nifty didn't break the treandline near 23260 zones... If it breaks it then it will directly go for gap filling and kiss the 28100-28000 levels in coming days...
ghstocktrading.webnode.com
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->15th July 2019 to 19th July 2019
Bank nifty moves around -1093.95 pips from 15th July 2019 to 19th July 2019, in which bank nifty break last week 08th July 2019 to 12th July 2019 bottom 30346.70.
BANK NIFTY: Breaks June Bottom: 30220.70
