BankNifty Analysis - Stance Bearish ⬇️
What happened with BankNifty today was more or less as per the script. The opening 4mts gave us some idea of what to expect, the reason being the bounce from 45399 support. Even though the opening was gap-down, adequate selling pressure was not there to take out the support level. Ideally, it had to be taken out via the gap...
BANKNIFTY
It will be wonderful if this pattern completes the rest by tomorrow. There is some relation to the previous highs and tomorrows resistances and some pivot points.
Though it has a high percentage of possibility to happen.
(This is only my perspective. Do your own analysis and confirm before making any decision.)
first, it broke the local trend line in violet color further moving we have the break the long term bullish channel
sol seems to be weak against the market may get to see a nice correction in it
leading the price to near supports
Wait for the proper breakdown or Breakout. Currently bears are in Control. wait for the confirmation.
Overall analysis given in the chart.
Do your own analysis before taking any trade. This is just a view.
NSE:BANKNIFTY
BOROSIL LTD - Short term bearish trend
1. Now at the primary trend, it's a positive sign...
2. It breaks the Falling wedge pattern now...
3. Strong support at 272, if it breaks another support at 240
4. Target will be 412 if it breaks with an open and close candle above 295
Educational purpose...
In 4hr time frame it is forming a rising wedge pattern and mostly this pattern breakouts in downward but wait for the breakout, if breakout happens in downward that it can go down and i have given support zones you can accumulate in parts and but if it breakout than you can buy at breakout in upward line.....
And what breakout means that the pattern or channel in...
the stock looks interesting at current levels !1 need to watch daily and holds support at 880-885 levels ..but in short term look bearish ...if i need to say abt long term ..will like to buy only on my personal levels ...!!!!!
