BNF before the budget retraced up from 0.786 lvls of the last swing the next rally saw a retracement from 0.886 lvls of the last swing the fall to 0.886 lvls has been interesting - from a vertical rise after budget BNF was following a falling wedge pattern and did a break down from that and started following a descending triangle pattern. it broke down...
BNF is under pressure due to lockdown and increase in COVID news. After a huge gap up, most of traders were long on trade under intention of recovery but BNF has hit all the stoploss. Before ending mondays session we can see some increase in size of green candles indicating that either there has been a profit booking session and we can see some later effect...
We posted about bearish setup but what if market actually follow Other market sentiments and shows a bull run. Probably this would be our setup because price is sustaining at 38.2% level. Exactly the same situation that happened today at NIFTY50. After a good fall NIFTY50 had a correction till Fibonacci 50% but BNF is still sustaining near 38.2% level. If there...
BNF SHORT SETUP Due to MONATARIUM news and lockdown news Indian stock market saw negative sentiments with high volatility. Banks were bleeding out & there was a panic selling at same time SL’s getting hit. Looking at the USA market(It affect our market) there has been a positive sentiment because of good job reports & fundings rounds. But that won’t really affect...
Half way through. Still holding the levels. We plotted a divergence. Possible reversal to happen. Trade safe.
A Very Good Opportunity in Bnf 33100 is a Good Support in Daily Chart if it Breaks Tomorrow With Volume A Good Fall Possible in April and if sustained a Good Up move Possible. I will Prefer Buying Bank nifty in 33100 SL 32950 TGT 33300,400 & 500 Only For Educational Purpose |
BNF has been trading in downward range market and it’s making LH LL pattern with price squeezing at the end if the range market. We also observed that every time BNF was making LH LL pattern the retracement on minor trend was from 50%, both the times (marked in red circle) so we believe BNF might gap down and sustain above the Demand zone, give us a reversal ,...
Nifty50 has been performing the way we analyzed. Sustaining below 200 ma show bearish pressure. Gap from Feb 1st BUDGET DAY has been filled and tested once but we can see some range trading tomorrow which can help NIFTY50 to test the support(gap) levels again making it a DOUBLE BOTTOM PATTERN & W PATTERN. Both patterns are trend reversal patterns. Trade safe...
It felt fulfilling to pick BNF moves in the last two ideas in this series. please refer to the related ideas part for the same after testing the unfilled GAP zone what are the possibilities? BNF may fill the GAP as it doesn't make sense to come so close to an unfilled GAP and don't fill it. once it fills the GAP, then it would be very near to 0.618 retracement...
35000 Support broken. Currently at 33000 support. Down move can be seen if 35000 support is broken.
BNF is in a zone that is really hard to day trade. Tomorrow is Wednesday so premium decay would be a factor to consider if you are playing with option buying There can be two possibilities BNF makes a trending move downside towards 50 DMA. DMA are like magnetic lines that attract price towards it when they are near. Usually, it is also seen that patterns...
Only For Educational Purpose. Draw The Chart Pattern & Trade only on Breakout / Breakdown & Retest.
BNF looks like trying to form a flag pattern. will it break out or break-down from there or will it consolidate - I don't know But - if its a flag formation higher time frame - inside a bar in the daily time frame, on the lower side in a channel . one thing can be safely concluded. play for long with channel break as a stop loss with US DOW futures showed...
Only For Learning Purpose. BNF Has given a Good Breakout if it Open Gap up We Can See Good Movement in Upside , See The Chart & Trade Accordingly