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Bearish Patterns

Triangle Pattern in Nifty 50 ?Nifty 50 is in very important zone & forming triangle kind of pattern in a daily time frame, considering 29 Apr 2022 as a staring point. From 17 June 2022, the bearish movement is paused and we can see a bullish rally from that date. Therefore we can see, triangle is squeezing & Now we have to see, who take further movement Bulls or Bears ? For the bull run Financial Sector should support, as now Auto sector performing well by breaking its previous all time high. Then only we will get whether the recent bullish movement is genuine or not. Weakness of INR against dollar and increase in inflation are major factors that need to be considered. Important level are marked in the Chart in the case of breakout or breakdown. Share your opinion in the Comment section. NSE:NIFTY
NSE:NIFTY
by KaravaliTradingZone_Official
bank nifty analysis for 04 Aug 2022As per my strategy, we have 2 scenarios for bank Nifty for the 4th of august 22. 1st: The market will open with a gap-up of 100 to 180 points with price range of 38137 to 38196. If this happens, we can wait and watch for the 1st 5 mins candles, if we get the bearish candle. It means the profit booking of the market is being initiated so it will be a clear sign for us to book our own profit. 2nd: If the market opens near the previous closing price(up or downside), then we will wait for the market to take support of the 37880 level. If the market takes support to this particular level then we will enter the market by seeing at a very strong bullish confirmation candle and we will go to the upside. My apologies guys, my mindset is totally towards the bullish side tomorrow, because I can see that the global market is strongly positive. @Viraj Tiger
NSE:BANKNIFTYLong
by virajshubhmaan
Bank Nifty 1h Chart Analysis 04-07-2022 we can see a breakout in bank nifty in 1 hour Chart frame. 33790 Zone was a strong resistance previously, today that level is broken with a good candle, which gives clear idea how bulls took control last 1 hour. If it breaks 33980-34000 range then we can see a bull run in coming days and there is gap at 33350 range, should fill that first, for further upside movement. If it is coming for retest then previous resistance zone 33790 must act as a support, if it a genuine breakout. For downside we can see a see a solid trend line support. For breakdown, Watch out for this trend line (support Green Color). For this rally main reason is ICICI BANK, looks its 1hour chat for more datils. Now, HDFC BANK and Kotak bank should support for bank nifty rally. In that HDFC BANK is still in side zone and yet to perform. Probable targets , Support are given in the chart. This is not a recommendation, do your own analysis before taking any trade, Give your opinion in the comment section. Happy Trading :)
NSE:BANKNIFTY
by KaravaliTradingZone_Official