It sustain at crucial support @ 28870, if 15min candle breaks and close below the target would be another 100 points, breaks above and close above 27978 then go for long. Check with rsi level should be above 50 for long and below 50 for short.
Disclaimer: for educ purpose only
Marked Yellow lines are crucial Support Levels for the Bank Nifty. If Nifty Close above the yellow line, then First target would be around 28600+ If close below the yellow line then the first target is 28067 and close below that will leads to 27700.
Kindly avoid buying/selling on consolidated area (Yellow line)
Disclaimer: For Education purpose only
Nifty Stayed in bearish mode and nice formation of bearish flag pattern on daily chart . Once it breaks the flag pattern then we may expect selling towards another 50-75 points. aroud 10850 levels.
I usually follow the straddle and strangle strategy on weekly expiry, because of high volatility . It will limit our loss and enhace unlimited profits.
Yes bank Is a buying Opportunity for Long term, Wait for the break out Since it shows some sign of Positive divergence. Once the trendline breaks for both rsi and price, we will go for buy. In simpler terms should close above 98.
Kindly refer the support and resistance line.
Disclaimer: For educational purpose only not recommending for trading. Analyze your...
I have plotted the short term support and resistance. If there is any dip towards 2178-2175 Its a buying Oppurtunity, Because this the the value area for today's trading range.
1. Condition i) It has to sustain this level and make sure Your RSI is above 50.
2. Confirm 10 EMA crossover with 20 EMA.
3. Risk Reward ratio 1:1 for intraday.
Disclaimer: solely for...
As for bank nifty tomorrow morning dip towards rising channel should be buying opportunity. As long as it is in short term rising trend. Break below the rising channel get short. Kindly consider RSI is always above 50 for confirming the bullish trade. Cross check with your MA 20 .
We will see some sharp decline from the beginning or first half as per chart analysis. Because Nifty struggling very hard and fail to close above 11000 mark. And more over our resistance zone also coincides. Above 11980 we will buy until unless stay on short side. Let us see how this technical works. Also RSI in 15min chart is below 50. This was the more advantage...
GO SHORT ON NIFTY IF YOU GET ANY UPMOVE AROUND 70 - 100 PIPS FROM HERE, RIGHT NOW ITS IN SUPORT ZONE OF 11644-11620 ANY DIPS AROUND 11550 SHOULD GET LONG AND SHORT BY CURRENT ZONE.
ANY UP MOVE GET SHORT AROUND 11737-11760 FOR DOWNSIDE TARGET 11644
CURRENTLY VIX HOLDING 23% NOT GOOD FOR BULL RUN AT PRESENT
Time to make like multi bagger stock. This is great shorting oppurtunity for axis bank compared to other. Guarantee 75 points from the current level. So make your own research and trade smart.
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