bank nifty taking support from given trendline on chart so, if it will take support from that level and give breakout above 36850 then go long for TGT 36000/36120 with SL below trendline. and if break the trendline and give breakdown then go for the TGT of 36420. But due to the expiry bank nifty option premium will high volatile so trade with strict and accurate SL
Important levels marked on the chart... Depending upong trend one can go long or short...
understanding trends through support and resistances .
Bank Nifty is trading now near resistance area as a intraday trader book profit from here is a good idea or maybe wait for breaking this level if any one want to trade then BUY BANKNIFTY 36600 CE @ 290-300 SL 210 TGT 420/450 if target not met today and bank nifty closing above 36760 then hold it for tomorrow.
Banknifty Update (08 September 2021) ================================ Will Banknifty reverse? Banknifty is in a no trading zone and is trading in a narrow range. The index has shown Volatility & roller coaster moves in the previous trading session. Banknifty has formed two Harmonic XABCD & Half Bat Pattern: Here's the trade setup for today: Range High:...
understanding trends through support and resistances .
understanding trends through support and resistances.
Hello Welcome to this analysis about BANKNIFTY , we are looking at daily timeframe perspectives. BANKNIFTY in recent times increased with Bullishness however it now moved into an overbought condition. BANKNIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation BANKNIFTY is developing here that will be a...
understanding trends through support and resistances.
understanding trends through support and resistances.
understanding trends through support and resistances.
BankNifty Prediction and Trade Setup for 30 Aug 2021 Long Setup: Buy above 35730 Tgt 35780, 35900 Short Setup: Short below 35570 Tgt 35435, 35280
understanding trends through support and resistance.
understanding trends through support and resistances.
understanding trends through support and resistance.
understanding trends through support and resistance.
BANKNIFTY will make a rally of about +500 POINTS due to RBI partially lifting ban on HDFC for new creditcard distribution. This seems to be positive news for Hdfc banks.
understanding trends through support and resistance.