Support breaks on upper side by green candle. Take entry and hit stop loss. This trade is against Heikin Ashi trend. So I get loss in this trade of 1900 for 1 qty.
Price is at the support zone. Sustaining 31100 - 31180 will make the price to move towards 31320, 31560, 31720, 31880, 32140 and 32360. Bearish below 30960 for the targets 30820, 30740, 30520, 30320, 30200, and 30040.
Head & Shoulders pattern forming on 45M Chart of BANKNIFTY FUTURES. SELL strictly below 31800 -> 31600, 31520-500. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
Sustaining 32280 - 32340 will make the price to move towards 32440, 32620, 32780, 32940, 33220 and 33460. Bearish below 32240 for the targets 32120, 32000, 31860, 31680, 31500 and 31280.
Price was within the range 32000 - 32400 for few trading sessions. Bullish on sustaining the level 32360 - 32420 for the targets 32540, 32720, 32960, 33220 and 33460. Bearish below 31940 - 32020 for the targets 31820, 31660, 31520, 31360, 31280 and 31020.
Value area narrowed on 6th January as compared to the previous day. This suggests that we will be having a trend day on 7th January.
As we can see Value Area has shifted up which is a sign of a bullish trend.
Dotted lines show major support zones, so look for Buying opportunities near dotted lines.
Price is moving within the range 30900 - 31600. Bearish below 30900 for the move towards 30760, 30540, 30320 and 30080. Bullish above 31600 for the move towards 31720, 31860, 31980 and 32260.
