Short
Bearish View On BANK NIFTY Bank Nifty Needs to Breaks The Triangle Pattern then It Will Goes Upto 39420-39460. At 39460 is Resistance
Banknifty Support Level is 39294 Second Support is 39278 If Bank Nifty Breaks 39378 It Will Fall Upto 39215
So Please Keep Your Positions Little Because Volatility Is Very High So Please Avoid Trades in This Volatility Market. Hope You Understand My Opinion. This is for educational purpose only. If You Are Taking Any Position Consult Your Financial Advisor. Thank You
NIFTY FOR UPCOMING WEEK 16 AUG TO 19 AUG 22.Hello everyone this chart technically measured and filtered by team INFINITYIV..
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TO CHECK OUR ACCURACY MATCH LEVEL AFTER EXPIRY OR GO THROUGH WITH REST UPLOADED CHART.
LEVELS FOR WEEK:-
RESISTANCE*:-
⬆️17795
⬆️18090
⬆️18615
SUPPORTS*:-
⬇️17644
⬇️17489
⬇️17089
(There is chance to level mismatch by 0.01% of NIFTY)
KEY STRENGTH:-
1. World market closed positive.
2. SGX nifty closed positive.
3. Crypto currency’s positive.
4. Commodity negative.
5. Falling prices of gold.
6. Heavy weight stock positive.
7. VIX Falling.
KEY WEAKNESS:-
1. PCR.
2. Sentiment negative.
3. RSI on day TF over brought zone.
4. falling crude oil prices.
5. Rising USD.
6. Less trading days.
CHART PATTERN AND INDICATORS:-
1. Bearish bat pattern seen on xABCD.
2. Bullish on VI indicators.
HOW TO TRADE WITH CHART:-
1. Let break any side level mentioned on chart.
2. Let close 2, 15 minutes candle above or below.
3. Good to go for next level.
4. Some time profit will less but it will be profitable.
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NOTE:-
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Happy trading and have profitable week.
MAXHEALTH : Convergence within 2%MAXHEALTH: On consolidation from past few days & currently 20/50/100/150/200 SMAS are within 2% of current close.
Add to watchlist and wait for breakout.
2022-07-15: SMA 20/50/100/ 150/200 In 2%. Stock is in Squeeze for past 3 days. Candle pattern: Dark Cloud Cover. close is above SMA 20 on D/W/M time frame. The monthly trend is +ve & Weekly trend Changed to +ve. On Weekly time frame, SMA13>SMA34>SMA 55 & Close crossed W SMA13 Upside
2022-07-19: SMA 50 crossed SMA 100. Close Cross WK & M-Pivots Upside. SMA 13 Crossed SMA 55 on a Daily time frame
2022-07-20: Cross Monthly Piv downside and candlestick formation: Dark Cloud Cover. Close Crossed W SMA 13 Downside
2022-07-29: Again SMA 50 crossed SMA 100 -Downside, Crossed Monthly Piv upsde M trend +ve & W trend Change to +ve. Again Close crossed D13, W13 Upside
Momentum is low, still in squeeze, and all SMA's are within 2% (Convergence).
Add to watchlist and wait for a breakout.