BNF is on strong Demand zone or Support, market is taking support from 25th march and we are in big down trend as well Act only after breakout if downwards we may see big momentum or else market will again bounce back to test upper resistance of trend line and if broken we may see good Bullish momentum.
Follow For More Price Action Charts
Nifty in channel pattern as well as new Support.
Act on price action and not someones call, they are right but thats there strategy and they know exactly when to buy or sell in live market as per the current day sentiments and trend. Make your own plan and trade, thank me later
Follow For Price action charts
Nifty will come on weekly candle support Today is Make or Break Situation, Trade with caution market will bounce back and get ready for a new life time high again or big bear move to come
Follow For Pure Price Action
Bank Nifty is in downtrend from past 2 days and now it has reached to "once a resistance zone now may act as a good support" Zone. The rectangle zone may act as a good support now,
Bank Nifty is now all set to move up again and we may see 37500 again by next week,
For safe trading wait for the trend line to break
"if you respect trend lines the market will respect...
Bank Nifty consolidated from a good upmove, 36800-37000 is a good demand zone, may go till 38000 next week or sideways if that resistance is acting as support tomorrow, the rectangle is acting as demand zone. Go long if rectangle support zone is respected.
Banknifty is in channel pattern from 5th feb and now a trendline is broken with good volume on friday, got a rejection from channel resistance but took a good bounce back from 50% fibo, daily candle of friday is also bull with good RSI value, good for a bull trade but if didnt support 50% fibo then good for bear till support line of channel pattern