dear member market opening at 9.15 am our occtans indicator has triggered "sell 2 " signal and after broke sell 2 signal low bank nifty down 100 point and still in trade.
In the daily chart, a bullish flag pattern has been formed which can attribute to a long position with a target of somewhere around 1246-1250. Stop Loss can be around 1200.
BANK NIFTY GAVE TODAY BREAKOUT ON 15MIN TF. ONE CAN BUY ON RETEST
Bank Nifty post market analysis on 22-02-2021 Short opportunity at 9:35 candle's low with 1:2 risk reward ratio Reason : Market has retested 19th breakout zone and formed a bearish pinbar candle at 9:35 am. We should have taken Short position below 9:35 am candle Second time Short opportunity at day's low breakout at 11:15 an candle with 1:2 RR Disclaimer :...
The BNF on the budget day gave such a massive green candle, now big question is - will there be a follow-up or consolidation or reversal When BNF is in full swing applying any rational thinking becomes meaningless, the script has texture, nature of its own which is quite dynamic . When it picks momentum it just doesn't listen to itself just keep accelerating...
Bank Nifty has been following this trend channel since and it should continue in this, until it break. Go short If break below. Wait and see it breaks up ward
BANKNIFTY looks week below 21640 so we might be entering Short trade if moves below 21640. In the banknifty 30 minute chart we can clearly observe that price was moving in a channel between green & black line which was eventually breached. But it took support at the red trendline and again retraces till lower side of channel and falls again and breaks red trend...
This chart for educational and information purpose only. Trade at your own risk.
in 30mins chart bank nifty has given nice break out and iam expecting rage of around 1000 points move in up side
banknifty was in a pattern for a long time after the initial corona crash , and now it is showing us some bullishness , by breaking that pattern , we don't know whether it will open gap up or gap down , if i get a touch again on that zone
Down trend is expected to continue in its final leg down Strong Resistance seen around 21064-489-867 levels, if the levels held T1-19923 & T2-18897 is quite possible
Bank nifty will reach 29000 this week if not breaks demand zone ...
Extension chart of BNF.... BNF AT VERY GOOD SUPPORT ZONE...any side Channel Breakout will open door for big Move.
second half can fall from the mentioned resistance level
Bank nifty moves in positive trend until it brokes 30500 support level
Breakdown study was applied on the BANKNIFTY which has appeared breakout. buyers can try this level, 30008. In fact two strong has it, another is at 29730. Sellers will continue to enter the market either new short or as long forced to liquidate until some point when buyers coming in. We are going to see high volatility in coming this week as I told you...