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Will B.N beat daily resistance or fall more? Bank Nifty AnalysisRecap : Mentioned already on yesterday analysis that Bears have started dominating bulls you can read that in link below. Morining Just started with bearish candle at 9.15 closed below previous day low following with long legged doji candle and once that doji low broken at 9.45 Am it got confirmed that bears are ready to dominate Later on bounced from daily support to days open again a good oppurtunity for buyers to cover loss or capture profit! Post Analysis for Next Day : Now Boundaries are clearly defined for Bank nifty to trade with todays 'v' shaped recovery. Next session may be wide range day. Range boundaries from 47300 to 46300. Bulls above 47300 or bears below 46300. We can wait till breaks from any one side or we can enjoy the range rides! Currently bank nifty inching closer to daily resistance and falling trendline which again can be breakout or fall. Already bulls failed twice to break but more it tries to break makes resistance weak. Also avoid fakeout and enter only on confirmation or retest. Watch the opening clearly any weak candle pattern in trend will lead bears to dominate again till support. looks like may open with gap Resistance : 47100,47300 Support : 46600,46300, Note : do your own analysis before making any trade decesions.
NSE:BANKNIFTY
by Price_actiontaker14
HondaPower....Can see Power move ...1600++As of now we can see that the stock was trading between tight range and today it gave breakout .....and it was near to upper circuit... it was trading above its 200 EMA and holding it, if tommorow it gave closing above 1570...then definetly we will achive our all targets in 2-3 days .. Good Buying Happend ....with strong green candle sharpe move MARUBOZU CANDLE Red Candle Line is 1H TF Line & Blue one is 1D TF.. Good Swing Trade we can take in this ... Our targets Are 1500/1570/1600/1650 Book As per Comfort
NSE:HONDAPOWERLong
by Darshaann