Banknifty chart on hourly and 30 min is showing positive divergence. a good sign that banknifty may fire up today. A good idea to go long with recent low as stop loss.
BANKNIFTY bounced from good support Mon 30th, Dec 2019. View - Go long TGT - Booking level 32600 - 32610 / more up possible SL - Below 32230
Go short in bank nifty for target as mentioned in the chart, volatility is there but good to go sell on rise.
Bank Nifty Indian Index bullish bias with new weekly demand imbalances. Bank Nifty Indian index has a clear long term long bias, bearish corrections must exist if we want to plan a trade using imbalance. The Indian stock market and its indexes does not move in straight lines and so do the other world indexes, the Indian Bank Nifty and Nifty 50 indexes are not an...
Assuming the fast slide on bank nifty over the past couple of weeks to be the primary trend, I conclude this to be a slower retracement towards 61.8 percent of fibs, a buy from the given levels would be recommended; with an aggressive stop at the red mark
Bank Nifty presented a very interesting set up on Friday 5th July 2019. WIth higher high but sliding RSI, it shows a bearish setup. For Monday 8th July,'19 unless the 5th July high is taken out, the outlook is bearish with 31000 as next support.
Negative divergence seen in Bank Nifty Chart - 15 Min and Hourly. If Bank Nifty sustains below 27650, we may see 27560. View negated if RSI breaks the trendline.
this chart can understand only the tech person. Please check out the fib golden ratio and Elliot wave theory. Bank Nifty -1.30% is possible in the correction phase and can be dump hard.
Hello all, explained everything that should be our levels and Targets for tomorrow Trade. Guys Please watch the analysis and ask your questions in the comment box.