Positive divergence RSI - higher time frame
zone of support - demand zone
confluence of trading - targets of 2500 / 2700 on charts in medium time frame
worth a trade with stop loss 2140 levels on daily closing basis
"Dear Falcon Traders!
We have come up with another analysis of Bank Nifty for next week. Falcon Traders bank nifty took support at our crucial zone of support of 43,400 levels and reversed. So are we bullish now? Is the market out of the grip of the bears?
This is bank nifty chart on the daily time frame.
Falcon traders bank nifty is facing a strong...
Here we see rising lows and bullish breakout side the cloud
bullish trend on charts on daily and weekly closing basis
zone of resistance at 65 any break above this zone for the target of 78 / 84 levels on charts
How are you traders?
Bank nifty is in strong bullish trend and we will only look for bullish trades and it is likely that we will hit an high of 43,800 levels from 41,200 levels. Yes you can check our previous videos where we had analyzed the same and here it is in front of us that we have already hit a high of 43,800 levels on the daily time frame.
Now let’s review the market move that happened last week and how did the market move. This is bank nifty chart on the daily time frame. I am purposely analysing the chart on the higher time frame that is Daily to give you an insight into the market and what will be my trading plan for the next week.
Now when you see the chart of the bank nifty we had regained a...
we will try to analyze, where the expected expiry would be for the DECEMBER month. I will cover everything in a deliberate manner.
Now without wasting any time lets analyze the chart of bank nifty. THIS is bank nifty chart on THE daily time frame. Bank nifty has formed AN EVENING star pattern on the daily time frame. Those who don’t know what AN...
This is bank nifty chart on the daily time frame. Now, if you see I am analyzing the move of bank nifty from 32,400 levels to make you analyse and teach a simple aspect of the technical analysis.
In the first trend line marked with red colour for ease of understanding and learning. You will notice that from 32,500 levels the bank nifty was moving in an uptrend...