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Niftybank

BANKNIFTY ANALYSISHELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty open gape up and took support of 31100-31120 and trade above this level then we can see bullish move in banknifty resitance will be 31310-31350. BEARISH LOOKOUT - If banknifty open gape down and took resistance of 31900-31800 and trade below this level then we can see 31500, 31300 level as bearish trend as breakout we can see more fall in banknifty if breakout done or happen tom. CONSOLIDATION ZONE - 31900-31050 beware to take position in this range.
NSE:BANKNIFTYEducation
by chazzsen
BANKNIFTY ANALYSIS HELLO TRADERS, As we can head and shoulder pattern are making banknifty spot chart on daily time frame. there is two types of head and shoulder making. If shaded h&s made so breakout is confirmed today OR curve blue line h&s work then isn't yet breakout confirmed we need to do wait for breakout hope we can see breakout tomorrow. BULLISH LOOKOUT- If banknifty open gape up and took support of 31100-31120 and trade above this level then we can see bullish move in banknifty resitance will be 31310-31350. BEARISH LOOKOUT - If banknifty open gape down and took resistance of 31900-31800 and trade below this level then we can see 31500, 31300 level as bearish trend as breakout we can see more fall in banknifty if breakout done or happen tom. CONSOLIDATION ZONE - 31900-31050 beware to take position in this range.
NSE:BANKNIFTYEducation
by chazzsen
BANK NIFTY CAUTION WEEKLY CHART ANALYSISAS YOU CAN SEE BLUE LINE ON TOP IS LONG TERM TREND LINE WHILE RED LINES ON CHART AND STOCHASTIC ARE SHOWING ( FOR NOW) BEARISH DIVERGENCE BUT DIVERGENCE WILL ONLY BE CONFIRMED IF CANDLE CAN NOT CROSS RED TREND LINE AND STOCHASTIC AS MENTIONED WITH RED RECTANGLE GIVES BEARISH SIGNAL MEANS RED LINE OF STOCHASTIC CROSSES BLUE AND GOES ABOVE BLUE THIS WILL THEN MEAN STOCHASTIC WENT HIGHER THAN CANDLESTICK IT WILL BE BEARISH DIVERGENCE CONFIRMATION IF NO BEARISH DIVERGENCE AND CANDLE CLOSES ABOVE RED TREND LINE TARGET IS 31419 APPROX IF BEARISH DIVERGENCE HAPPENS TARGET FOR SHORT SIDE 30220.85 GOOD LUCK NOTE: FOR EDUCATIONAL PURPOSE ONLY DO YOUR OWN ANALYSIS BEFORE TAKING ANY POSITION
NSE:BANKNIFTYEducation
by UnknownUnicorn2321966