As we can see BANKNIFTY broke all of its RESISTANCE and moving up unidirectionally since the retest of the trendline! watching the chart we can see BANKNIFTY has more room for upmove till 43600-43500 which is its next psychological level and order block from where we can expect BANKNIFTY to reject and show retracement hence every dip now is a buying opportunity...
As we can see BANKNIFTY had shown one sided upmove but we can see it getting closer to its eminent psychological level and an important resistance, if BANKNIFTY opens above the given level then we might see a sudden pullback in the first half itself and coming itself in zone but if somehow BANKNIFTY manages to sustain above the given level then we might see a big...
As we can see BANKNIFTY opened exactly around the resistance and showed a good rejection with over 200++ points downfall but it eventually recovered in the second half and closed around its opening price which is a good resistance hence we have previously discussed about the given levels being an important resistance so we may expect BANKNIFTY to again reject at...
As we can see though we discussed BANKNIFTY is getting weaker but no confirmation was seen as neckline of the double top pattern was not breached and hence we can see a better place where BANKNIFTY can show stronger rejection as it is currently hitting its next psychological level and it’s important resistance of 42800-43100 level hence these levels could show...
As we can see after much of consolidation we did see a strong recovery from the level and the trendline as we were expecting since very long hence we can still expect NIFTY to show upmove as long as the level is protected and eminent target can be seen around 18000 which is also a psychological level and important supply zone hence we can still expect the bull run...
As we can see BANKNIFTY can be seen showing weakness in short term after a successful uptrend from the trendline retest! we can see more like a double top pattern in smaller time frame and neckline can be witnessed around 42000 level which is a psychological level hence there can be possibilty of BANKNIFTY showing false breakdown before finally showing a good...
As we can see NIFTY again had shown weakness throughout the day but still managed to close in the zone which shows that NIFTY has no confirmed trend to follow and no confirm trend has been decided hence we can still expect NIFTY to falsely break below the consolidation before finally moving up hence for comfirm downtrend we must wait for NIFTY to sustain below the...
As we can see NIFTY despite the weakness in first half but eventually has managed to close above trendline which shows that NIFTY might continue the upmove if managed to sustain above the zone and the trendline but in case if NIFTY fails to sustain above the zone then we might see a good fall in coming trading sessions so keep watching everyone
As we can see NIFTY had been moving unidirectionally without any significant retracement but we did see some good retracement today after a much awaited upmove and can be seen getting rejected at the trendline and hence 17580-17620 is sustained above and not broken down we can still expect NIFTY to continue its upmove so keep watching everyone
Bullish structure with Yen Index Shorts
Buy above 166.600 for 168.800 shorter term before any shorts
rest we will wait for the Monday London session moves for more clear
Copper is ready for upward journey, medium term trand is looking bulish structure for next 2 or 3 months atleast it's very very low risk entry, smart money accumulated around 700 to 760 , so my conclusion is buy around 780 to 760 zone buy the dips of stoploss is 750 my first target🎯 is 812 then 840 @ ath
As we can see BANKNIFTY reversed exactly from the retest of the trendline and rallied over 700++ points…we also analysed that despite BANKNIFTY couldn’t sustain itself above 41000 it has not yet gone in downtrend and we can still expect a bull move being at the retest and it did rallied as analysed now we can see BANKNIFTY heading towards its next psychological...
As we analysed in the previous analysis that BANKNIFTY is yet to decide the trendline and the bullrun will only be confirrmed if BANKNIFTY sustains itself above 41000 mark which is both an important resistance and a psychological level but we saw BANK failed to sustain above the psychological level and fell in last hours after being sideways, we can not yet expect...
