Banknifty as discussed last week here broken the supports and reach in range 18880-18890 doing the target for the week 19125. Now Banknifty had broken the major support range @18990-19030 , traded and closed below it. So for now it is weak and we can see much lower levels. We can see the the downside below this range till 18650-18680 and below that...
BankNifty analysis is going to be real simple one. Bearish Flag formation, so what an ideal bearish flag will do ?! Breakout to downside. There are few things we need to take note here. The first one being the Bearish flag ( which I didn't enter yesterday) so if the shark is working then it will move up a little bit and today being expiry day, if a double side...
Brother's have similar characteristics, rarely they move in opposite direction depending on personal situations. Yes, Nifty & BankNifty only, as of now by looking at 15 min chart with ABCD completion & channeling, Banknifty is similar to previous post on its big brother Nifty. Though ABCD pattern completed earlier, Targets are not achieved yet & its ranging...
Banknifty last week hit trailing stops and I exited my positions for breakeven, booked 50% only on 1st Target. So its a ok-ok trade only.No we have potential bat pattern completion & ABCD pattern completion around same zone in BankNifty, so guys when 19250's are reached be vigilant. Another thing Banknifty is not like usual stocks which trades in 100's, we are...