BANKNIFTY - Today When the global markets are muted / weak .. doesn't look like BNF going to fire on upside... chances are very high that it may correct for 700-900 pts
P.S In a bull market, PE gets swallowed up very very fast, so try to buy it cheap rather than taking a buy above x approach or when you are unsure keep your position size small
Happy Trading
MSK
Bnf
BankNifty 11/01/21 MondaySince 5 Trading Sessions , price was moving in Ascending Channel. During last Session the trend line has been broken. There’s High Probability to achieve Target 1 and bounce back . If the selling pressure remains persistent , Target 2 could be achieved too. BEFORE INITIATING THE TRADE , CHECK THE TREND BY WHICHEVER SIGNAL YOU RELY ON. TRADE WISELY AND SMARTLY
Axis bank found "W" pattern in it! let's see what will happenHello Trader's
hear is the chart of Axis Bank
key points positives
-found "W" pattern
-almost ready to breakout
-9&18 EMA Crosse over
-BB is positive
key Negative points
-volume's are decreasing
-all momentum indicators shows Divergence
-RSI ,Macd, Momentum indicator etc
conclusion: - volume is decreasing
if volume come with breakout
then we will enter in this trade
unless wait for retest and then enter in it.
stay updated , stay healthy>>>
BNF levels to WATCH ready for trap / ready for another big run for bnf going up with low volume let's see next week how market gone to react according to me it will come down like now go up with less volumes and volumes can also change in coming days so keep this in mind don't do blindly long or short trade with confirmation
ICICI BANK (SHORTTarget 1 326.50
Target 2 302.35
Target 3 295.80
(If it Breaks and Sustain below)
Than Next Target is 261.05
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Disclaimer: I am not SEBI Registered, before taking any positions to contact your financial advisor,
I am not responsible for any Profits or Losses, whatever Iam providing here is the purely
educational and informational point of view
BANK NIFTY SCMP 23,650
DOWN SIDE 1st TARGET : 22,600
Downside 2nd TARGET 22,115
Downside 3rd TARGET 21,240
Disclaimer: Iam not SEBI Registered, before taking any positions to contact your financial advisor,
Iam not responsible for any Profits or Losses, whatever Iam providing here is the purely educational and informational point of view
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