SmartOptionsOI

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Bank nifty is in down trend nw. as it has taken resistanc e at 61.8% of Fib, there is a long trend line as shown. it can act as last support. if it is broken, we may see down fall upto levelsas marked by green horizontal lines.

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nifty is taking support at 38.2% of fib level. if on monday, it sustains above 18550, we can go long for target of 18660.

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Axis bank has retraced t 50% on Fib and has made an inverse head and shoulder pattern. this is a bullish indication. we can expect it to reach 900 soon.

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Nifty, on 60 min time frame has trend line as shown. If tomorrow price sustains above red line, i.e. 18141, we can expect good up move. One confluence is that price has taken support at 50% level of Fib from previous swing.

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bank nifty shows inverse head and shoulder pattern on 15 mins time frame. This is bullish pattern. One can enter after price sustains above yellow line in chart i.e. 42725. We can see targets upto 43175.

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bank nifty shows inverse head and shoulder pattern on 15 mins tf. we can go long and see big targets in near future.

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indusind bank chart on daily TF shows breakout on falling wedge pattrn. this is bullish signal. we can go long with targets 1240 and 1300