BankNifty is running in the Parallel channel and I am expecting BN to touch 48900 levels soon. Any close below 51160 levels would lead to further downside.
This is forming a Pole and Flag Pattern... Keep an eye on this and take the trade accordingly
DoW is looking attractive at these levels despite the structure is bad and Global scenarios are not looking favorable. I would take a trade from here CMP- 33035 with the Strict SL of any single close below 32940
This is Study on BankNifty. There is a strong support at 44525. If this breaks then second support Zone is between 44100 to 43780 Breaking of 43780 would come into force the Head and Shoulder pattern
This is continuation to the earlier study posted...
This is Simple Study to predict the NIFTY trajectory
The Graph is self explanatory and I believe the target would be achieved. This is just the study and No recommendation of trade.