BNF cmp 39633 Rounding top rtest and 39400 can be reversal point...if closed below this level today then down side we can see 38830..but i dont think downside my view is long side...
Good morning all,
*Descriptive analysis alert*
Friday substantiated the saying, 'money saved is money earned. The index was in the range we had marked out. Any trade taken would have been troublesome to say the least.
For what's in store for tomorrow?
On the daily chart, it did move above the 35800 mark up till 36200 (dynamic support line working as...
On daily time frame NSE:BANKNIFTY seemed recovered by it's candle structure. On weekly timeframe bearish candle is visible. But the entire day it traded in a small range today.
BNF is forming an ascending triangle pattern formation.
BNF will be bullish above @30830 level. Please let the candle close. Avoid making decisions mid candle and it will improve your trading immensely.
Cheers.
