#banknifty view for 2nd Aug to 6th Aug'21
Deleted everything from the chart and started fresh for the new month, the view is neutral to bullish, the market in time correction/consolidation, the significant move can be seen after the range breaks.
The view will be changed to bearish below 33,700 only, but don't want to miss out on the next big upmove.
Moving...
What do I see on #banknifty?
Falling wedge breakout with a gap and pull back to the falling wedge line.
The heart might say to go short, but when you open your eye and use your brain to analyze, there is clear cut long which chart is telling us.
I prefer to go long until 34,350 is not broken, the buying will come above 35K, 35500 looks very much possible on the...
(Sector - Finance & Investments)
- Consolidation Breakout.
- CRS Breakout.
- Good Volume Activity during breakout.
- Good Accumulative Delivery of shares.
- Consistently increasing Quarterly & Annual Numbers.
- Stock in uptrend since listing.
- Took 20% Breather after a 208% up move.
Worth keeping eye on
