BANKNIFTY TRADE SETUP -INDEX WILL OPEN LOWER -BEARISH ENGULFING PATTERN VISIBLE ON THE CHART -CRUCIAL SUPPORT PLACED AT 21200-21250 -INDEX CAN TEST ITS 20-50/EMA PLACED AT 20655-20750 -BANKNIFTY REVERSED JUST BEFORE TESTING ITS 100-EMA PLACED AT 22570 -PROFIT TAKING ON THE CARDS -LOOKING FOR OPPORTUNITY TO "BUY ON DIPS" -AGAIN TRADING THROUGH OPTIONS TO RIDE...
NIFTY TRADE STEUP -SGX NIFTY IS SHOWING A NEGATIVE START -YESTERDAY WE SAW BEARISH ENGULFING PATTERN AND CONFIRMED OUR PATTERN OF RISING WEDGE -TODAY INDEX WILL GAP-DOWN AND TEST OUR PREVIOUS CRUCIAL LEVEL OF 10160-10030 -I WILL ALSO UPLOAD THE 30-MIN CHART -TRY AN UNDERSTAND I AM LOOKING AN OPPORTUNITY TO BUY THE DIP -THOUGH I AM OPTIMISTIC I AM NOT CRAZY -I...
Golden crossover(EMA 50,200) in Canara Bank
Generally we are told that 200 day ema works as support in long term, however for HDFC Bank 278 day ema works far better than 200 day ema as you can see in the chart.