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BANKNIFTY: Sellers will continue to enter the market either new.Breakdown study was applied on the BANKNIFTY which has appeared breakout. buyers can try this level, 30008. In fact two strong has it, another is at 29730. Sellers will continue to enter the market either new short or as long forced to liquidate until some point when buyers coming in. We are going to see high volatility in coming this week as I told you earlier in post. I will update BANKNIFTY accurately in this post tomorrow morning.
NSE:BANKNIFTY
by Trade-Technique
Its time to take advantage of knowledge over the NIFTY, studied.The right side of NIFTY chart, we have found that price rotation and higher trading activities plotted it by using a rectangle. Price value gravitating by control value. Suppose, it's true then, nice can move upto 11780 again. above 11626 we can think the bullish for the short term. Price ration between buyers and seller are in the range of 11598-11678 appeared. (avoid the 3% penetration, any side price can see fire move) In fact, there are the number of 5 excess, but I have shown 4 five excesses. Each excess has given single direction move and we are at 4th excess.
NSE:NIFTYShort
by Trade-Technique
5
11500 or 11000 below? last Resistance is for NIFTYDue to illness, i was unable to come online because I was in hospital for the whole day. Today, Nifty made strong bullish candle but, its having final and strong trend line resistance. Trendline Resistance 12000-50 H & S pattern, Generally Head & Shoulder pattern has 2% penetration normally. LEFT Shoulder is at 11176 and, HEAD at 11760 Calculated 223 points is 2% Penetration of LEFT SHOULDER. 11176 + 223 = 11400 For the H & S pattern, 11400 may be a maximum value of RIGHT should with penetration of 2%.
NSE:NIFTYShort
by Trade-Technique