NSE:BANKNIFTY
DISCLAIMER: DO NOT CONSIDER THIS ANALYSIS AS AN INVESTMENT OR FINANCIAL ADVICE.THIS ANALYSIS IS MADE FOR EDUCATIONAL PURPOSE ONLY.
We have seen Banknifty in a bearish mode since past three weeks and there might be a probability that it can provide us some bullish movement this week.
There is a good opportunity for Bulls to enter from the lower...
buy around 2150 -2160 if possible or else get it with your own risk to reward ratio
target for 3-5 %
its rsi in day is deep oversold 14<
hold it gona give you a big 3-5 % and then exit wait till make a w pattern then reenter to get 5-8 %
Remember any stock in the world cannot move with slope as infinity it need's price action calculus approach
Big one...
Look at the chart and see where we are now and how we started this month. This month started with a positive note and kept moving up and up. It is a clear up trend. It took a nifty 14 days to reach 18350. Just five days to keep the nifty dragged down. We have multiple global news sources to follow the down move. But think about the option sellers who hold long...
(POC) if on 12th aug 2021 market opens in a positive(ABOVE POC) then taking the conformation of bullish trend by candlestick we can see a easy rally towards target 1 ,2,3
if market opens on a flat note avoid taking trade
if market opens in bearish side seeing bearish conformation we can see our target #1 and #2
Disclaimer :- Trading is very risky please...
I have marked some important trend lines in the DAILY chart of Happiest Minds Technologies (HAPPSTMNDS).
let me know what you think in the comments.
CHEERS :)
