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Bank Nifty - Bullish for further 49000 levels???
Nifty Bank Index
Bank Nifty - Bullish for further 49000 levels???
By Learnase
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Updated
Apr 18
1
3
Apr 4
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind.
Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line
Bullish - Prices must hold above top blue line!
NTZ = NOTRADING ZONE (Avoid fresh entry)
Apr 5
Note
Almost flat opening. Chances of reversal/ failure is there!
Apr 11
Note
first target achieved
Apr 15
Note
BNF opening today in the NTZ! This analysis could achieve 1st target only towards upward move! Mindset changed now! Neutral till prices keave the NTZ.
Apr 15
Note
Sell on rises activates!
The Rises
1st 48200-280
2nd 48350 to 48475
Apr 15
Note
The 1st rise worked very well today!
Apr 18
Trade closed: target reached
both upward and downward targets achieved!
Chart Patterns
Trend Analysis
Learnase
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