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...
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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
Bullish over 30900 with 31250 and 31640 as price target,
Bearish below 30900 with 30468 and 31200 as price target,
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BANKNIFTY breaks down after a short period of consolidation. Apparently, price action is showing a Bear Flag pattern, which is confirmed with a close below 30,530. Target of the pattern comes in at 29,330.
(Disclaimer: Our charts and contents are just for the purpose of analysis, learning and general discussion. Do not consider these as trading tips or...
Banknifty Sell Near 30700-30750
Stoploss 31000 Target 30000-29800
Reasons For Trade- 1. Daily Trend Is down
2.Price moving in 15 minute channel
3.Bearish candlstick pattern formed near important support
4. Price has taken strong resistance of 200+50 days EMA on Hourly Chart
5. Risk Reward ratio is 1:2
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BANK NIFTY: WEEK-TECH-SHEET->08th July 2019 to 12th July 2019
Bank nifty moves around -1023.70 pips from 08th July 2019 to 12th July 2019, in which bank nifty break last week 01st July 2019 to 05th July 2019 bottom 31105.10.
Initial visual inspection shows the index is recently trading sideways between 30230 and 31715. Point to notice here is that we could observe a negative divergence through oscillators i.e. RSI and MACD. That clearly indicates a negative bias. So by considering these factors, index falling to 30230 (further 400 pts away from current level) now almost looks...
Banknifty Buy Near 31220-31200 Stoploss 31000 Target- 31500-31800
Reasons for Trade-1. Today is Budget day haigh volatility is expected 2. Daily Trend is Up 3.Price can take support from channel. 4.on 2Hr Chart 50 EMA support is available at 31125. 5.31070 important Horizontal Support. 6. Risk Reward Ration is more than 1:1.5
