Nifty is making ascending triangle It is a bullish pattern
Banknifty is making ascending triangle pattern. It is a bullish pattern
Support and resistance Bullish or bearish
If bnf opens in the range of 32800-32600 then sharp fall will be seen as it is forming h and h pattern on trendline on 1hr chart.
BUYING WILL BE ONLY ABOVE 33300 ABOVE SELLING WILL BE BELOW 33000.ANALYSIS IS ONLY VALID IF BNF OPENS IN THE RANGE OF 33000-33200
If nifty breaks 14750 levels and sustains then a big upmove is expected till 15k
IF BNF OPENS FLAT AND BREAKS 33100 LEVELS AND RETEST IT. WE WILL THINK OF BUYING
IF BNF BREAKS 32000 LEVEL THEN U MAY C 31500 30750 LEVELS IN INTRADAY.
IF BNF has to come down it has to retest 34500 levels first so keep an eye on upmove.
If banknifty breaks and sustain 32000 level then we may see 32600 if not then thier will be selling pressure again.
If nifty breaks 14200 levels then we may c 13600 12000 levels soon
If bnf opens flate we may see the 32000 and 31600 levels in intraday follow me to know live market update.
When 15min candel closes above 33200 buy for the target of 33500
BUY ONLY ABOVE THE PREVIOUS TRADING DAYS HIGH TARGET IS GIVEN WITH ARROW