Marked Yellow lines are crucial Support Levels for the Bank Nifty. If Nifty Close above the yellow line, then First target would be around 28600+ If close below the yellow line then the first target is 28067 and close below that will leads to 27700.
Kindly avoid buying/selling on consolidated area (Yellow line)
Disclaimer: For Education purpose only
Nifty and Bank nifty is near by previous demand zone.. it will retest that zone and come down to next monthly support ( red colour line)...
But in 4 hrs chart, it both charts are in consolidation zone... once it complete it will come down...
Let’s see in next week
Probably Playing S&R, Also 100 SMA is in helping to give a clear trend picture. Falling would be a most likely condition as compared to Nifty 50 but don't ignore the support just below. What do you think ??
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SBIN has good support around 279 and on upper band interim resistance is 314. Expecting a bounce in SBIN or else it could take SBIN down to 280...
HDFC chart analysis, HDFC interim support rests at 2000-2010 around that it must take retracement to statisfy the long trend line, a closing below 2108 can take it upto 2050 levels then further downwards and upcoming resistance is being observed at 2192 after which a closing and a follow up can give good move in HDFC. Support and resistance are still yet to be...
Bank of Broda is in a Bearish Pennant formation of the 60min chart. Shorts may be initiated after the break of the 103.95 level to the downside. If the price advances to the upside traders should observe the 107.40- 106.30 zone for any rejections or candlestick formations to short the stock.
Zone - 107.40 - 106.30
Target 1 - 101.45
Target 2 - 99.40
Target 3 -...
BANK NIFTY: WEEK-TECH-SHEET->22nd July 2019 to 26th July 2019
Bank nifty moves around -764.15 pips from 22nd July 2019 to 26th July 2019, in which bank nifty break last week 15th July 2019 to 19th July 2019 bottom 29705.75.
BANK NIFTY: Breaks April Bottom: 29435.05