31st Oct ’23 - BankNifty stuck between support & resistanceBankNifty Analysis
Further clues for Nifty50’s movement might be hidden in BankNifty’s price action. Unlike Nifty, BankNifty has crowded support & resistance lines nearby that may impact the trend movement. The only way out is to come up with a big RED or GREEN candle break the support/resistance and ensure the momentum picks up.
The open (43264) was around the resistance level of 43253. We had a rejection in the opening candle itself. The first pause was at the support level of 43012 which was hit by 09.30. From 09.30 to 11.35, Banknifty was stuck in this zone.
At 11.40, I thought the 2nd leg of the down move may be building up - but it was a false flag. BankNifty managed to crawl back to the resistance of 43012 by 13.05. It spent the next 1hr 45mts in this SR zone.
Interestingly the price action from 14.50 to 15.00 (3 candles) was very interesting. I still think the clue for the next big move is hidden in this. Why do you think we had that move otherwise?
We are exactly at the same level as of 27th October. For the last 3 days, I have maintained the neutral call and somehow the markets are kind of obliging. If 42576 gets broken tomorrow, I will be highly excited to look for shorting opportunities. Since it is the weekly expiry tomorrow, I hope we can get some deep price movements.
Bankniftytrend
Banknifty analysis for Ist Novemeber 2023 for educational purposBanknifty analysis for Ist Novemeber 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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#Banknifty directions and levels for oct31"Good morning, friends! As of October 31st, the global market sentiment is moderately bullish, as indicated by the Dow Jones. Our local market is also showing a moderate bullish trend. It may open with a neutral to slightly gap-down start. After that, if a pullback occurs, we can anticipate a continuation of the pullback. On the other hand, there is a sub-wave 4th in progress, so if it undergoes a correction, we can complete it and expect a 5th correction. However, it should break the Fibonacci level of 38%. If it does break the 38% level, we can consider this as the 5th correction (5th in a 5-sub-wave structure)."
Markets are highly oversold, A sizable Recovery is possible.Good Morning Everyone.
Guy's we have seen follow up selling in last few day's, but i think there should be stop now for sometime. I am not exactly saying that bottom has been made, but as market are highly oversold, A Sizable recovery in definitely possible. And today we can see some buying from lower levels. In yesterday session we also have seen Nifty and Bank nifty has taken support and did not make any other new lows in downside. There is higher chances we can see upside momentum in today's session. Let's see how we are gonna to see today. We are gonna to sale Banknifty below only 42075. And then keep stop loss of our buying range and keep target atleast 1:1 or 1:2.
Important Levels for Banknifty:-
Intraday support zone 42000-42100
Intraday resistance zone 42700-42800
Buy above 42360 if levels sustains at least for 30 Mints.
Keep stop loss at 42075, and Targets we can see 42708/43116
Note:- These targets are for today and tomorrow. Don't expect in one day, in case these both targets comes today then enjoy it's a jackpot.
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
BANK NIFTY - Target Levels - 31.10.23Its Helpful & Useful For Freshers, Newers & Beginners Of Trading...
Learn & Earn With You Own...
Bank Nifty Spot Price : 43039.2 - India Vix Spot : 11.49% -
Nifty Daily Range : 42780 To - 43298
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
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Ithu Oru Tamilanin Thoguppu..
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30th Oct ’23 - Neutral on BankNifty till 43404, bulls are back?BankNifty Analysis
Since BankNifty is in the neighbourhood of support and resistance, it is quite easy to explain with examples. The open was almost inline but we started dropping fast. We gave up 438pts ~ 1.02% by 09.40. Unlike Nifty50, I did not find it that encouraging to look out for bearish opportunities. The main reason is the decay of premiums. None of the OTM strikes had excess juice for the squeeze - so I just chose not to participate.
At 09.20 we had the first breach of 42576 support, the strong red candle was ample proof of strength. On its way back 3 strong green candles negated the 42576 resistance. Then between 13.00 to 13.20 we had a smooth rejection of resistance2 at 43012. My mistake was to assume that we would close below 43012, this was proven wrong between 15.00 to 15.20 when this level was taken out.
On the 1hr TF the next level to watch out on the upside is 43253 followed by 43404. If we were to fall 42576 has to be taken out pretty quickly and the next support comes only at 41624 - so the bears need to have strong momentum. I wish to maintain my neutral stance till 43404 is not taken out.
BANK NIFTY FUT | 30 OCT 23AS WE CAN SEE THAT BANKNIFTY HAS TAKEN GOOD SUPPORT FROM CHANNEL BOTTOM i.e 42088,
REMEMBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 30 OCT,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 43222 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 43355
- R2: 43515
- R3: 43677
SHORT PLAN >>>>> 🐻
- 42944 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 42800
- S2: 42666
- S3: 42488
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“You get recessions, you have stock market declines.
If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” 🚀🚀🚀🚀
– By Peter Lynch
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
#Banknifty directions and levels for oct30"Good morning, friends! As of October 30th, the global market sentiment is bearish, as indicated by the Dow Jones. Our local market is also showing a moderate bearish trend. It may open with a neutral to slightly gap-down start. Structurally, we can expect a minor correction ranging from 38% to 61%. After that, if a pullback occurs, we can anticipate a range-bound market with a potential for continuation. On the other hand, if it breaks the previous bottom, the correction is likely to persist. However, if the market opens with a gap-up, we can only expect pullback continuation if it manages to sustain."
Astramicro: Weekly Flag BOA Flag and Pole Pattern is visible on thw weekly chart of
NSE:ASTRAMICRO
One can Create position in the scrip as per the levels mentioned in the chart.
If you agree with the idea then hit the airplane icon and don't forget to follow me to get all the latest updates.
Post your comments and queries.
Disclaimer: Content shared is for information and education purposes only and should not be treated as investment or trading advice. Please do your own analysis or take independent professional financial advice before making any investments based on your own personal circumstances. Investment in securities are subject to market risks, please carry out your due diligence before investing. And last but not the least, past performance is not indicative of future returns.
BANK NIFTY - Target Level - 30.10.23Its Helpful & Useful For Newers & Beginners Of Trading...
Learn & Earn With You Own...
Bank Nifty Spot Price : 42782 - India Vix Spot : 10.91% -
Nifty Daily Range : 42488 To - 43076-
Watch Option Strike : Above Break Even Point Buy : 42800 CE
Watch Option Strike : Below Break Even Point Buy : 42800 PE
Always Select ITM Strike Price only
Split The Screen In Your Mobile. Then View The Market Moves & Target Points At Same Time.
Top Nifty & Bottom Bank Nifty.
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN..
Ithu Oru Tamilanin Thoguppu..
Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga...
Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga..
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27th Oct ’23 - Bears taking some rest before the next move?BankNifty Analysis
During periods of trend reversals, BankNifty will act as the leading indicator. I hope that will work out in this period as well. Today’s price action is quite too early to say if we have reversed the bearish trend - because it was mostly support and resistance play.
BN started around the 42576 zone and held its ground confirming the lack of momentum of the bears (as of now). It could also be a day of rest as we had strong price moves already this week. BN was unable to climb back upto the resistance zone of 43012 - indicating lower strength of the bulls as well.
Till we get clarity if its a reversal or trend continuation, I wish to change my stance to neutral from bearish. The resistance points above the spot are 43012 and 43253. The support zones are 42576 & 41624. Yesterday we discussed the importance of 41624, since it comes at a drop of 1158 points - the bears have to really exert that much pressure. This reassures the decision to take some rest and build up the momentum for the next move.
FASP levels for Bank Nifty 30/10/2023The FASP for BankNifty is listed for 30-10-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
Banknifty analysis for 30th October 2023 for educational purposeBanknifty analysis for 30th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
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BANK NIFTY - Target Levels - 27.10.23Its Helpful & Useful For Newers & Beginners Of Trading...
Learn & Earn With You Own...
Bank Nifty Spot Price : 42280.2 - India Vix Spot : 11.73% -
Nifty Daily Range : 41968 To - 42593-
Watch Option Strike : If Above Break Even Point Buy : 42500 CE
Watch Option Strike : If Below Break Even Point Buy : 42500 PE
Always Select ITM Strike Price only
Split The Screen In Your Mobile. Then View The Market Moves & Target Points At Same Time.
Top Nifty & Bottom Bank Nifty.
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The Trailing Stop Loss.. Don't Loss Your Hard Money..
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy Entry Of After Small Retracement. Please Check.
(Watch 5 Days See My Option Strike Target Levels Is Accurate Or Not)
I Am Not Sebi Registered Analysis, This Is Education Purpose Only.
Dear Followers.. Trend Is Our Friend..
1. Draw The Lines In Your Trading View.. Then Only You Understand My Statistical Startegy.
2. Kindly Watch My Break Even Point. Every Day..
3. Above The Break Even Point.. Resistance Break.. UPTrend Starts.. Buy CE..
4. Below The Break Even Point.. Support Break.. DownTrend Starts.. Buy PE..
5. After Retracement.... Stop Loss is Above Or Below Break Even Point..
6. Stop Loss Is Must..
7. Watch 5 Mins Time Frame.. & 15 Mins Time Frame..
8. In Future i Analysis & Focus On Option Strike - Entry, Target, Stop Loss. Also..
9. Above The Target Point Create One 3 min / 5 min Candle. Then One You Take The Buy Entry.
Don"t Enter Blindly.
1. We Focus On Our Daily Analysis..
2. Combination Theory Of Delta, Gamma, Thetta, & Vega.
3. Selection Of OI Analysis.. & Determination Of Volume Calculation.. & Sum Of Implied Volatility Theory
4. We See 4 Types Of Fibinacci Retracement Levels..
(1.High To Low Fib Level, 2.Low To High Fib Level, 3.Long Fib Level & 4. Short Fib Level),
5. Techninal View On Break Even Point.. & Prediction Of Entry, Targets, & Stop Loss..
6. Wait For Support Breaking or Resistance Breaking.. That Time Watch The Market Carefully..
7. Market Moves in UpTrend or DownTrend..
8. Kindly Watch Both The Nifty Target Levels & Bank Nifty Target Levels in your Trading View..
Its Most Important For Daily Tradings..
9. Buy At Low.... Sell At High.... Is The Concept Of Day Tradings..
Kindly Follow My Channel & Like Your Support & Share My Ideas.
TAMIL.. TAMIL... TAMIL.... Engum Tamil.. Ethilum Tamil.. VALGA VALAMUDAN..
Ithu Oru Tamilanin Thoguppu..
Like Pannunga.. Comment Pannunga.. Share Pannunga.. & Profit Pannunga...
Marakkama Unga Friends & Relatives a - market1tomorrow - la Join Panna Sollunga..
This Is My Trading Phychology Of
market1tomorrow
BANK NIFTY FUT | 26 OCT AS WE CAN SEE THAT THE MARKET IS IN A DOWNTREND, ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION.
ADDING MY ANALYSIS LEVELS FOR 26 OCT,23 BELOW FOR NIFTY FUTURES:
LONG PLAN >>>>> 🐂
- 43020 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL)
- R1: 43188
- R2: 43366
- R3: 43544
SHORT PLAN >>>>> 🐻
- 42720 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL)
- S1: 42566
- S2: 42404
- S3: 42277
PLEASE FOLLOW FOR MORE REGULAR UPDATES.
QUOTE FOR THE DAY :
“What separates the “consistently great” athletes and performers from everyone else is their distinct lack of fear of making a mistakes” 🚀🚀🚀🚀
-Mark Douglas
📌📌📌📌📌
Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
Banknifty analysis for 27th October 2023 for educational purposeBanknifty analysis for 27th October 2023 for educational purpose
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
YOUR QUERY -
Trading analysis for tomorrow
Nifty price action analysis
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Monday bank nifty analysis
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Nifty analysis for tomorrow
Option trading daily analysis
Bank nifty weekly analysis
Bank nifty analysis for Monday
Nifty prediction and bank nifty analysis
Tomorrow market prediction
Nifty open interest analysis tomorrow
Nse option chain analysis
Daily option chain analysis
Nifty option chain analysis for tomorrow
Option chain analysis
Today option chain analysis
Option chain analysis for tomorrow
Nifty trader option chain analysis
Today nifty option trading
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Today nifty opening prediction
Nifty post market analysis
Morning nifty prediction
Bank nifty post market analysis
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#Banknifty directions and levels for oct 26th"Good morning, friends! As of October 26th, there is no significant difference from the last session. The global market sentiment is moderately bearish, as indicated by the Dow Jones. However, our market is also bearish. It may open with a significant gap-down. After that, if the market consolidates or breaks the support levels, the correction will likely continue. On the other hand, if it sharply rejects around the immediate support level, then we can expect a 23 to 38% pullback wave. If there are any changes in this direction, I will inform you during the mid-market."
FASP levels for Bank Nifty 26/10/2023The FASP for BankNifty is listed for 26-10-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds.
Validity of the levels: 1 Day
How to use these levels?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options.
Color Coding: Green is regular support and buying area, Red is strong exit area
Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
BANK NIFTY SPOT | MASTER CHART 1DAs We can see Bank NIFTY is currently in short term Down Trend and is at Key Level,
The Chart mentioned above is of 1D timeframe.
I think BANK NIFTY is at very indecisive level where the further moments will be defined.
We can call the current level as BASE POINT or the Break DOWN LEVEL.
Lets See "Jhole mein kya ata hai" :D
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Disclaimer -
I am not SEBI Registered Research Analyst or Investment Advisor.
All Information provided above are just for Education purpose only .
They are not buy/Sell Recommendations .
Please consult your financial Advisor before taking any trade or investments.
Banknifty Expiry Trade setup for 25-10-23BankNifty important levels to watch are as follows
#Support: 43160
Sell below: 43160 only on 15 minute candle closure below the level.
Target 1: 43000
Target 2: 42850
#Resistance: 43360
Buy Above: 43360 only on 15 minute candle closure Above the level.
Target 1: 43525
Target 2: 43700-710
=> # Remember each level will act as a support and resistance individually so there is a probability of reversal and a pullback on either side so its better to make an habit to book profits at each targets and re-enter again after a breakout from the same with a proper stoploss as per your own risk appetite.
=> # Please do your own research before initiating any trade. Always use stoploss in order to protect your capital.
=> #If you are Unable to trade properly and dissatisfied with your manual trading results due to psychological disadvantages or busy schedule or "Fear & Greed" emotions, then Algorithmic trading can be the most useful solution to overcome such problems. Kindly follow us and join us using details mentioned below the idea.
=> # Please refer our swing based support and resistance indicator if you find it useful give it a like.
=> # Follow us for more such information and educational ideas and Indicators. Give it a like if you appreciate the idea. Queries will be answered in comment section.
#Disclaimer: This is just a view and published here only for educational purpose, this should not be considered as a buy or sell signal. Trading in stock market may involve financial risk therefore, do your own research before taking any position.
Bank Nifty given breakdownBanknifty has given a trendline, double top & a complex H&S breakdown. Have a short bias until the index closes above the trendline again.
Retest of trendline highly likely as the markets have been oversold since couple of days.
If the rally is on back of weak candles and volume, expect more downside to unfold in coming weeks.