we can expect another big move tomorrow. I'm expecting a Gap down opening. Today BNF formed a descending triangle. will wait for some price action before Jumping into trade. Chances of Breaking Downside is much higher than Breakout on the upside.
bank nifty cup adn handle pattern in 15 min time frame very good setup trade wisely
A follower asked me what is the basic difference between the two and whether people with a smaller capital base should invest than trade. So I thought of sharing my thoughts on the subject which may vary from what the reader has in mind. It is a matter of perspective and beliefs and views are more likely to be diverse than alike. I propose to share my thoughts...
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice
A 30min chart shows that price has halted at its support level which if broke we can see the target of 712-710 with a strict SL of 750 levels. But if it retraces to 750 level then we can get a discounted price to short the stock with a strict SL of 765-770 area. It all depends on the Broader market view so do look for Nifty and Nifty Metal indices before shorting.
BNF has made double bottom from the support zones of 32K. Today it broke the Trendline after multiple attempts and has given closing above Trendline only. If BNF opens above the same Trendline on 06th May then it looks all set to reach 33300-33400 levels tomorrow. In coming days if BNF sustains 33000-33300 levels then it can continue its journey towards 34K else...
Looks good from LTP 17537 for Targets 20688 21639 22690 24240
Bank Nifty has formed Pole and Flag in 15 minute time frame. Consider targets of 3400/34450/34600 in coming sessions if 15 min candle closes above 33600/33650 P.S. Pattern fails if 15 min candle close below 33000
The BNF is about to break a downward channel and correct after the COVID-corrective bull run. Sell if the BNF confirms the 15m Bearish trend and take profits at 33530-33540 If there is gap up openning then wait for gap to be filled. If the there are more positive fundamental cues (Highly unlikely) Enter at the top buy zone after confirmation and TP at the...
* After Long Consolidation S & P BSE Power Index showing strength to breakout. If monthly close will happen above upper boundary then this POWER index outperform to SENSEX . S & P BSE Power Index STOCKS- Scrip LTP POWERGRID 232.2 ADANITRANS 769 BHEL 40.4 TATAPOWER 91.15 SIEMENS 1,839.65 TORNTPOWER ...
Its Clearly shows that nifty consolidated in mark level. my expectation towards nifty is, it will comes in my buying area and rebound upside. lets wait n watch near these level. i never Predict but i follow !! the path.
USTEC is going to good buy as it crossed the high and already gone 40 points up! It is recommended to update trailing SL to get maximum profits. For more analysis, follow me! and Message me
From 2017 Nifty had given returns of 74% compared to small cap of mere 24%. This difference shall reduce going forward leaving huge potential for small caps.
*Nifty Made a Three black crows pattern on daily chart. *Pattern activated below 14215.00 *After a strong uptrends this pattern normally occur that sign of weakness in continue trend.
Explanation in Chart. The market might be liquidity driven rather value driven. Long term market might be bullish but a temporary correction can be seen soon.
Bank Nifty View for Tomorrow 14 Jan 2021 !! Thanks for reading and kindly let us know if you have any questions.
NIFTY | Small Flag pattern but with RSI divergence (15 Min's Time Frame) CMP : 14563 SL : 14510 Target : 14625, 14687