If banknifty breaks down then we might not see new bank nifty high at least 1-2 years. I think it must take support but lets see how it works. There are bad banking news from economically strong countries.
Can nifty can go below 16000? There are bad banking news from the economically strong countries. I have marked important levels. If it break last black line most probably we can't see new nifty high at least 1-2 years.
📉📉GBPUSD
In light of that Intraday view, I have my eyes still on the short-go GBPUSD as it tries to recover from its loss due to fundamentals.
From the current intraday consolidation buzz, I'm looking for Price breaking below the 1.2055 level with a good close, If we get this, There will be a pullback during the NYC session, from where We can short for around 150...
The EURUSD pair’s strong decline stopped at 1.0515 yesterday, which formed solid support against the price, to rebound bullishly and start building bullish wave on the intraday basis, motivated by stochastic positivity.
Therefore, we expect to witness more bullish bias in the upcoming sessions, and the targets begin at 1.0640 and extend to 1.0745 after surpassing...
Exchange Traded Funds, or ETFs, are investment funds traded on stock exchanges, much like individual stocks. They are designed to track the performance of a particular market index, such as the NIFTY 50 or Bank Nifty, or a specific sector, such as technology or healthcare.
BANKNIFTY ANALYSIS WITH LOGIC :
1. If there is flat opening or gap up price should retest 39600 level if it retraces from that level we can short upto 39165 level.
2. If 39600 level breakes with strong bullish candle. we can take long positions upto 39990 level.
3. If the trend continues to downfall from 39165 level we can set second target upto 38712...
NSE:BAJFINANCE
1. ITS FRACTION THEORY -
2. Fraction theory Valid till SL safe. Plus not recommended to achieve all target to each n every time.
3. Major Demand Zone Break than More n more bearish side open.
4.till Major Demand Zone hold - it can change trend any time base on results/news.
5. Best part Risk ^ rewards.
A cup and handle price pattern on a security's price chart is a technical indicator that resembles a cup with a handle, where the cup is in the shape of a "u" and the handle has a slight downward drift.
The cup and handle is considered a bullish signal, with the right-hand side of the pattern typically experiencing lower trading volume.
Script = HCl Tech
Time...
