understanding trends through support and resistances.
After todays Inverted Head and Shoulders on 3 min timeframe Bank Nifty is looking to form a Cup and Handle Pattern.
understanding trends through support and resistances.
This chart has been marked with all important bank nifty zones and levels for potential support or resistance. Mark them in your chart and trade accordingly!
After 2 days of Continuous Upside move Bank nifty may remain Volatile or range bound for 17th Sept 2021 Key Support Zones 1st Support Zone 37712 to 37619 2nd Support zone 37452 to 37323 Key Resistance is 38000 Targets Long 1st Target till 38000 ( 300 Points) 2nd Target 38600 incase of short covering rally Short targets are till support...
understanding trends through support and resistances.
understanding trends through support and resistances.
Support Levels Immediate Major Support1 level 36543 to 36468 2nd Major Support level 36258 to 36159 Resistance Levels Immediate Major Resistance level 36849 to 36921 2nd Major Resistance level 37104 to 37144 Long Targets : Target 1 : 36747 ( 208 Points) from Support level Target 2 : 36843 ( 303) from Support level if close above support Target 3...
Understanding trends through support and resistances .
expecting ABC bounce as (X) wave and then down, then it turn down as (Y) wave in sideways move
Seems like bullish. Take trade at breakout of previous high.
understanding trends through support and resistances .
understanding trends through support and resistances .
understanding trends through support and resistances.
It is in 5th of 5th wave and soon it will end the cycle within uptrending channel. Then it should correct down at least around 4800 or even lower.
It is in (B) wave correction as ABC, where A wave looks like forming impulse, so expecting one more high and then correction of B and one more leg higher as c of (B). Once it finished (B) again it will go down for (C) down in complex (W)(X)(Y) correction down.
It seems like 4th internal degree as sideways correction, which correcting before final leg higher.
It is forming ABC zigzag in (B) wave and expected to move higher around 790-810 zone to end the (B) wave before it starts bearish (C) leg.