1. take support on 21 EMA.
2. close above 200 EMA
3. long buildup in futures.
4. 190 to 194 multiple support . ( 21 EMA, weekly CPR)
5. 214 weekly chart resistance .
5. RSi above 50 since last few weeks.
one should consider to buy around 195 ,,stop loss 190 ,, target 214 .
In this post, I have shared Bank Nifty chart. In this chart, we can clearly see there is more leg remaining in Bank Nifty but some minor pullback is expected as inside the bank nifty channel inner channel top is made.
So some minor pullback can come but take this pullback as a dip and buy the best banking shares!
ICICI ,BANDHAN, RBL MY PICKS
Pretty simple Inverted HNS formation. I may have seen it in a YouTube Video, Not sure. So not taking full credit for this. But yea, looks like a good candidate to run.
I think YouTube video was on Bandhan Bank. Note sure. May be this is original. lol
This is just a chart pattern discussion. Please trade your hard-earned money on advice of a registered stock...
I am not SEBI registered person and this is not an investment advice and also please note this is only for education purpose. Also note we can use this research in my own portfolios. So don't influence yourself from this research. Please note before investing according to this educational research, please do own research and also do take advice from...
There is major resistance at 185 level, as you see in the chart,
After break the 185 level stock goes down and then recovered in a v shape and again,
The stock is consolidating and taking support of 185 there is two condition in this trade.
If it break the support, so we can see the good downward momentum.
And if the stock goes upside, you can buy the...