Avinash9087

Avinash9087 Updated 

As we can see Banknifty is downtrend. Now it is retesting. If it establish resistance at this zone or at Resistance trendline then we can see further downmove in Banknifty.

Avinash9087 Updated 

NSE:BANKNIFTY As we can see Banknifty moving in a parallel channel. It is not clear indication of any trend. But if price breaks out the channel we can expect positive move in banknifty but it will considered as temporary positive move because in 1 day Timeframe Banknifty is near its trendline resistance. But if Banknifty breaks down the channel then it will most...

Avinash9087

As we can see Bosh Ltd is making Higher High's and Higher Low's. It means it is in clear uptrend. After retesting recent support level it will make new probale high.

Avinash9087

I have marked some important levels of Apollo Tyres. Keep in mind Price levels are not considered as pin point price. These levels can be treated as price zones so there could be buffer in prices. Kindly observe the behaviour when price reaches to these levels and trade only after retest means when price successfully establishes Support/Resistance. By using these...

Avinash9087

As we can see SBIN is retsesting. So as per Fib retracement it can take resistance at 525.95 and 541.65. These are importance price level for retesting. For being in downtrent SBIN should respect these levels. I hope this analysis can help you to understant broader view of SBIN.

Avinash9087

Banknifty is near resistance trendline on Daily timeframe and it will face resistance at secondary trendline, if it breaks secondary trendline then it will face resistance at primary trendline. After taking resistace if it will able to break rectangle zone and able to close below it Then it will be nice opportunity to short. Use multiple confirmations before...