We can see a Cup & Handle pattern formation if opening is flat, we can expect shortcovering tomorrow
Bnf is making bearish divergence and 40k is psychological level…. Breaking in second go seems doubtful. Today’s move can be short covering on expiry.
Be careful while going long
Expecting some correction for health up move!
BNF may take a correction from this point
1. Making double top
2. Bearish divergence in RSI
Probability of making inv HnS pattern and making up move
Inverted Head and Shoulder still intact in HDFC Bank
HDFC Bank is making inverted Head and Shoulder and upside break out will gv momentum to BNF too
BNF seems to be trading in Channel.
Probable moves for Monday!!
It seems bearish HH pattern forming in BNF 15min
Buy on Retest of Psychological level of 1400-1405 for min 1:2 RR
Airtel is expected to breakout of consolidation Zone.
Reason 1, Breakout of the Bigger Box
Reason 2, Consolidation on the upper end of Big Box
BankNifty is at Decisive Zone.
Analysis invalid if crosses above 35825
After consecutive LH & LL, Trend reversal seen in HDFC Bank with formation of HH nd not breaking previous HL
Strong support at 1525
Consolidation after breakout! For the next move
RSI div and price action based analysis!!