Crucial Level for BankEx for Monday Market is top of the range lets us see the movement first then will take the trade after the seeing the 30 mins price action in morning.
The upmove in bankex especially on Wednesday was a very crucial and decisive one, Looks like Bankex has made a bottom for now. I will only be looking for bullish trades. As long as bankex is above 52850 I am only going to be taking bullish trades. Simplicity and understanding what the price is telling is the only thing one should aim for is what I believe...
Made a perfect arc support , there is a high probability that it will go upside from her. Selling pressure looking exhausted.
As we can see there's a trend reversal in market and bullish movent in the market , it 's a good oppourtunity for long , everything is mentioned in the above pic in details.
Before breakout price already respect the 1.272 fibo level . This chart structure say we will see a good Move in near future .
understanding trends through support and resistance.
SUPPORT -27310 & 27050. RESISTANCE -27570, 27830 & 28090.