As per hourly price action Axis bank is trading in Rising wedge pattern Also Axis Bank create Second lower high and bounce back from support area zone. rsi also cross 60 level in hourly timeframe . Buy area Above Only 753 target 1 : 760 Target 2 :766 Target 3 : 774 Stop loss : 730
Where nifty has been seeing making new ATH almost every other day, bank nifty is struggling to keep up with the same pace. Technicals analysis, just tells us the probability of happening of a situation. And now sighting of a strong bearish pattern hence trade with caution for the coming week!
Bank nifty 15 min chart study Bank nifty made head and shoulder pattern If it breaks yesterday high then it can go to 36000 And 36500
intraday levels. 35,610 to 35,490 is no trading zone if price cross 35,610 then buy35,600ce & 35,700ce and price cross 35,490 then buy 35,400pe & 35,300pe
BankNifty Expiry seems interesting tomorrow. Expecting sideways action for 1st half and second half might show Breakout / Breakdown. For chart pattern, explained in above chart.
Use 5min Frame Expecting narrow sideway market 1. Long only above upper key zone 2. short after upper key zone for small target Possible 6 waves projected trade according to market opening
BankNifty formed a double top with bearish divergence Above 35436 : If price breaks out, then flag n pole setup to be followed and target next resistance - 35750 / 35800 Below 38494 : If price breaks down, then double top confirmed, 1st target 34140, 2nd target 33270 Happy Trading !!!
nifty bank is ready to shoot up for moving ahead next target which is 36000-36600 (1000-1600) point upmove we can see in next two - three trading session. 1.Nifty bank breaking the resistance of 35000 and immedaiate resistance is 35200 which will break soon. 2. Nifty bank is overall uptrend. 3. Looking the opportunity for long with the sl 34830 entry around...
1. long after upper zone breakout and trend ling breakout 2.Short after lower zone and trend line breakout
1. Long from key level 2. Short below key level and trend line breakout
1. Long from key level is good opportunity 2. Short only below key levels and Trend line support breakout
1.If Previous high is breaks we can go for long . 2. IF 1.0 level is break down we can go for short 3. if gap down to key level we can go for long from key level
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS ORANGE LINES ARE SELL LEVELS IF OPENING 15MIN CANDLE TOUCH BLUE LINE GO FOR...