BANK NIFTY ANALYSIS - 2 WE CAN SEE A CLEAR " DOUBLE BOTTOM " IN THE LINE CHART AS WELL. ALSO, LOOKS LIKE RSI IS GONNA BREAKOUT. IF ALL IS WELL, BULLS WILL TRY TO BREAK THE CRITICAL POINT. :)
BANK NIFTY DAILY VIEW - BANK NIFTY IS HEADING TOWARDS CRITICAL POINT (MARKED ON THE CHART). IF IT MUST BREAKS THE CRITICAL POINT AND CLOSES ABOVE IT, WE MAY SEE SOME BULLISH MOVE. RSI MUST BREAK AND MOVE OUT OF THE RANGE (AS SHOWN ON THE CHART) BANK NIFTY DAILY VIEW - 2 IN THE NEXT POST. LONG TRADE !!! - ONLY IF IT CLOSES ABOVE THE CRITICAL POINT.
Shree Cements Limited - CLOSE ABOVE 18574 , CAN TOUCH - 18771, 19000, 19205, 19500.
BANK NIFTY has Formed " SPINNING TOP " . And bounced from the SUPPORT ZONE . Key Levels for 26 th August 2019 - Immediate Resistance - 27207.30 & Immediate Support - 26958.65 and 26560. (HIGH,CLOSE AND LOW of 23 August). DOWN SIDE MOMENTUM- If Bank Nifty breaks 26560. It will Enter Support Zone -1, And If Price closes Below Support Zone 1 then we may see...
BANK NIFTY WEEKLY ANALYSIS - View for 26 Aug till 30 Aug 2019. Bank Nifty Spot has broken the Trendline and its Trading Below that. If Bank Nifty closes below 26550, it can move towards 26442, 25954 and 25227. On the other hand, Bank Nifty may gain strength only above 26760 , After it breaks the trend line and resistance level ( 26760 ) to move towards...
IF BANK NIFTY SPOT CLOSES ABOVE THE HIGH OF FIRST 5 MIN CANDLE, THEN A GOOD CHANCE TO REACH TILL PREVIOUS DAY CLOSE. I HAVE EVEN SHARED A DIFFERENT ANALYSIS ON SHORT SIDE.
IT HAS TO BREAK THE FIRST HURDLE THAT IS 26594 & CLOSE BELOW 26585. LATER IT MAY move to 26495 and 26450.
Below 27389, It will head towards 27349, 27195, 27030 ( YOU CAN CHECK PREVIOUS CHART , WHICH HAD HIT ALL THE TARGETS )
Bank Nifty Spot. 15 min Chart. If it closes above 28065, It can move towards 28100, 28175, 28297, 28400-28429. If it closes below 27975, it can move to 27874.