Banknifty making Pole and Flag and Inv Head and Shoulder. We make see Short covering rally tomorrow. Bouncing from .38 Fib Levels Pattern activate above 34300 Idea Invalid below 33970
Inv H&S is being formed in BNF Active above 34600 Target 35000 Gap Filling Zone Idea Invalid below 34350
34000 Will Act as Strong support Zone Retracement till .38 or .5 Fib level will be a healthy retracement for further downward movement BNF has been trading in Range and With volatility for last 2 Trading sessions Which makes it high probable trade on long side with directional move till gap filling Idea invalid Below 34150
Nifty is in Process of forming Inv Head & Shoulder Pattern will activate above 16950 First Target 17050 Second 17150 Reason for trade 1. Above 16950 Nifty recent fall is nullified as it crosses .68 Fib level of fall 2. Nifty Wed fall was Panic reaction to RBI news 3. Nifty Support was at 16850 and currently trading above support Idea Invalid below 16800
Pole and flag pattern being formed in BNF Support being taken from .38 FIB levels trade active above 36520-36550 target 36850 Idea invalid below 36250
Pole and flag visible in 1hr timeframe Consolidation in range for last 5 trading sessions Active above 788 Target on Chart SL 777 Idea invalid if 1 hr candle closes below 777
Flag and Pole Pattern on Daily timeframe Inv Head & Shoulder 600 Psychological Support Consolidation after a strong Rally
Head & Shoulder Pattern being formed in BNF Huge OI at 38500 acting as resistance Profit booking pending for last few days rally Idea Invalid above 38500
BNF Retracement almost near completion. Clossing is above .5 Fib level Max we can expect till 35936( Below same the rally will have minimum effect for trend progress) 36k is strong psychological level nd we can see huge PUT writting. Above 36200 we can see bnf moving till 36600 Idea invalid below 35900
We may see Head & Shoulder pattern being formed Pattern active on breakdown of 35200 zone idea invalid above 35500 Plan your Trade Trade Your Plan
Nifty trying to make inv H&S pattern If Nifty trades in range from 17400-17300 till 1pm we may see breakout with decent target Bouncing from 17300 will be healthy retracement as 17300 is Fib .38 level
Banknifty is forming Cup Handle on daily timeframe Also form inverted H& S on 15 min timeframe We may see shortcovering above 38800 Idea invalid below 38300
Banknifty moving in Channel since 2 days We may see shortcovering move above 37900 Idea invalid below 37770 Decision zone marked on chart
Bnf Form Hanging Man pattern on Daily Timeframe Bnf has traded in range from 11am If Bnf breaks support at 38300(tested multiple times) we may see downside rally/profit booking 1st target 38100 2nd target 37950
Banknifty made Spinning top on daily timeframe after a strong Bull run throughout the week Banknifty making Pole & Flag on 15min timeframe If Pole Flag gets activated, Channel breakdown will also happen simultaneously Retracement till 37100 will be very healthy retracement for strong upside rally Idea invalid above 37900 Details in Video
37500 will may act as strong resistance if market trade 15min candle below 37500 tomorrow For Next healthy rally market needs to retest 37000 mark, which is also Fib .382 for the current upside and also market gave a breakout from same level I can see Bullish Gartley also supporting the findings
Market cannot move in one direction Back to back 4 green candles on daily timeframe Pullback & profit booking required for fresh buying RSI Divergence
Bnf making Pole & Flag Pattern Retraced & bounced from support & Fib .236 levels which is bullish indication