On Daily Timeframe, NIFTY trading in falling broadening wedge pattern. Currently it's trading in downtrend direction and this downside can expected upto near 15000 level or downside support level. At this location investor or short term trader can look for buying side positions on reversal confirmation. For long side investors can wait either bottom support level...
✺----------------Drop a follow here: @Averoy_Apoorv_Analysis ✺ I post Good and potential trading ideas on daily basis on this page of mine :)
✺✺ Target: 1000 Followers ✺✺
$ Chart type: symmetrical triangle, Let it break for the above and close on a daily basis, if the risk to reward of your setup matches with your appetite then go long, also do use your setup...
For Education purpose only
BankNifty :
No trading zone : 32533-32143
Resistance : 33006 - 33458
Support 31720-31385
Major Support 30516
Dtd 5th May 2021
Sale on rise till we close above 34360
Finally, exit polls have given some hope of stable government but considering past track record of +/- 10-15% deviation in numbers, risk to financial market has already been built up. BJP with 285+ seats and NDA with +310 seats are good for market but that should not last long as real concerns on economic slowdown will come into play. Will poll numbers behave...
