Bank Nifty Analysis for 03.07.23My view on Bank nifty for 03 Jul 23
Bank nifty will be bullish if opens above 44800.
Bank nifty will be bearish if opens below 44700.
Tradinganalysis
Looks good if it breaks the resistance.1Hour time frame, looks good if it breaks and forms a bull candle above the resistance.
Traders keep on your radar to catch the momentum.
Analysis for BitcoinBitcoin is at previous support level. Either it will reverse or can be bearish further.
KRISHANA phoschem Limited Life time High - Good to go longKRISHANA phoschem Limited Life time High - Good to go Long
GBPJPY on good buy GBPJPY is going to be long as soon as It breaks 142.35 and Target would be 142.99/143.75/144.50
Will be updating SL as we cross the buying line.
Balkrishna Industries TargetCup with Handle formation.
Depth of handle shows 60 points confirm support.
Target anywhere between 1360 to 1370.
HINDZINC on crucial level { Must be on watch list }Hindustan Zinc is inside a channel where price is lil far away from bottom line and has made double bottom which indicates down trend is weak... But price is getting rejected from 247 which is a resistance level...
If price breaks 247 and sustain above that then we can consider it as a confirmed breakout..
In case of Breakout my targets will be 255/268/282/290+ where as SL will be 240 just below that resistance which could definatly act as support if price sustain above those levels...
And ,
If price break the bottom support region 230-220 (chances are less) then we can consider, it will follow downtrend with the channel... So, in that case target will be 212/200/190 and SL : 225
In both the cases Risk Reward Ratio is favourable...
Note: Do your own study before making any position...
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