As per trend analysis Bank nifty has seen bounce earlier in March'23 and November'23 it works as powerfull support given big moves in longer time.
Also trend also comfirms that buyers are still intact to make bounce in addtion to that we can see a wick reversal pattern is also seen on daily time frame.
Which also confirms buyer strength and also bank nifty...
BankNifty Analysis - Stance Neutral ➡️
The powerlifting was done by BankNifty today. The Bajaj Finserv and Finance were on fire today and were propelling FinNifty to a higher variance than BankNifty earlier in the day. However, the close ensured the variance was less than 0.2%
4mts chart link
Honestly, we did not see this coming. The setup was perfect for a...
~ Looks like tomorrow also BN can move in range might be more narrow one! If open on near to previous day close
~ if open up gap down or gap up wait for price action to make momemtum for break out on demand or supply zone then look for any oppurtunity
~ Opening candle will be more important for tomorrow's session
Note : Do your own analysis before any trade or...
- Nifty moving within a Falling channel
- Unable to sustain below the upwards trendline
- Previous fall from 15827.85
- ADX showing a upward direction
- Rsi above 60
It can be R (15827/15880) to S (15550) or a Breakout, can get a clear direction on Monday's closing / Tuesday. (convergence of falling channel and upwards trendline)
HDFC AMC weekly chart explaied with S and R. Current trading at 2392 with Berish continuation and touched important support today.Any reversal Price action in Lower time frame at given level will be considered for short term Bullish Trade. Remember stop loss should be less that 1.2% and below support. If it breach the level again then bear will keep continue their...
On higher time frame infy taking multipal times Support and Resistance From area that shown in Chart wait for breakout ....
big momentum we can see both side....
No tading Zone - 1320 to 1380
RSI also weak...Wait for Strong Momentum
One can take trade on smaller time frame only for Intraday with their own SL and Target
