BankNifty at support of channel while Nifty is -ve.
- Banknifty also difficult to understand as wave movements.
- Price is near the channel support.
- Smaller positive new can boost banknifty to upward from the value low.
While nifty is weak and Banknifty is positive which indicate the direction is not clear and market waiting for news.
Trade active:
I am also going to smaller timeframe to get more confident for the way.
We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.
We are standing at the ending of the channel, ready for minimum 1000 points move.
Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i) and then you can clearly see a picture of the future if not wrong anything.
We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.
We are standing at the ending of the channel, ready for minimum 1000 points move.
Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i) and then you can clearly see a picture of the future if not wrong anything.
Trade closed: target reached