BANKNIFTY NEXT TGT IS 35500 weekly TF.
don't buy stocks now or average any losing stocks, only buy when there is a change in higher time frame trends.
33000 is a short-term support. It feels like it may hold some more days.
Here is a good pole and flag pattern formation.
entry, stop loss, and target are mentioned here .sl modification will be updated.
this will be valid for a maximum of 3 weeks I am not Sebi registered this is only for educational purposes.
I prefer trading this in 750CE.
Here is a good opportunity to trade.
if this channel breaks above or below both can be traded with a 1:3 risk-reward it will be a quick move.
i prefer upperside because of previous trend.
if it consolidates in the range and gives break out or flat open & breaking out gives us entry
for a good long trade .sl should be placed according to the time frame you choose
always plan the trade.
Found a good consolidation break out on 1 hr TF it's already retested once. may be a good trend reversal enter with small sl.
SL SHOULD BE 4685
TGT -5000-5100-5200
DURATION -2W
BANK NIFTY
very strong support zone 34600 to 33900
immediate resistance zone -36800 to36400
There are good trend lines coming in keep a view on that also.
