MARKET ANALYSIS: The pair is now in accumulation period and if the market is able to break the all time high. We can see another 50 points rally to the next resistance zone. So lets wait and see what the market does in the coming days. Cheers!
Nifty Buy Above 11142 Stoploss 11095 Target 11230-11300
Reasons for trade-1.Price near to important resistance of 11127
2.Price has formed strong candlestick pattern on weekly chart
3.On daily chart price has formed HH and LH pattern
4. Risk Reward 1:1.5
BANK NIFTY: WEEK-TECH-SHEET->19th August 2019 to 23rd August 2019
Bank nifty moves around -1908.30 pips from 19th August 2019 to 23rd August 2019, in which bank nifty break last week 12th August 2019 to 16th August 2019 top 28358.85 as well as bottom 27683.50.
BANK NIFTY: Breaks February Bottom: 26617.70
Nifty 50, Will be Heading towards 12000 again, trying to break 11200. If fails to break 11200 then next support at 10600. Small but Important resistance levels also marked in study chart.
This is my own study, please do your study before taking any trade.
We can go for buy in nifty above today's high. Target is channel resistance. From channel resistance we can short or open below control price we can short (confirmation in candle needed)This for tomorrows view.
First Yay!! We have made 350 point profit from short position 11,460 to 11,010, we opened short from previous idea published on July 14th..
Nifty has supported got supported 11,000 exactly from where I said in my last article, so what’s next get long on nifty, first target 11,182 second target 11,282.
Do your own research and if this matching with mine then you...