Bank Niftty did quick retracement in the last few minutes thus ending on a bullish note . tomorrow it should close within the marked range reasoned on Support and resistance level.
Marked are the Expiry Day range for Bank nifty for tomorrow. The market should close tomorrow within the range with more bullish bias.
bank nifty might turn trending towards upward but this should be the ideal range for expiry
Silver has formed symmetrical triangle and we expect it to be more prudent if it breaks downward. Why? It is giving signs of weakening after a good upmove , thus possibly a retracement is due.
The Idea gives glimpse of two trajectory of movement , but the last week close giving a sense of bullish bias.
Range for today's expiry two ranges are possible depending in which zone market opens
BN trading opportunity
The stock seems to having headache from the fact that it FAILED to pass the 1000 psychological level and the retracement on downtrend was just .232. Which makes a probable case for trend continuation and we target .5 fib extension.
M&M is looking strong and it has given strong reaction to demand zones when there was bearish day. We expect to continue the uptrend.
TVSMotor has reached to our buy zone with its location at Point of Control Level We are confident that the stock would perform better in days to sideways movement. Why? This POC level was crossed once and the price has come back to say hello to it. I like when the price chit chats with support and resistance making it more promising move.
Heromoto has recently gave beautiful H&S result and now it seems to have formed another high prob. pattern- Triangle Pattern. We are looking for a breakout in either direction but I am better on downward breakout with Target being the base of the triangle market as the measurement of the arrows
There is evidence that a flattening of the trend has taken place with each trend break resulting into more flatter curve. However when we read the volumes we are still in positive tracjectory, when we study price there is still positivity , THE MAXIMUM the bank nifty can fall is touch previous week's low i.e. 600 points down from here , however the BN has taken...
Bank nifty has formed Reversal Pattern H&S with right shoulder little skewed to upper end but the neckline break signifies a trend to downward is possible for the coming days and weeks.
if we get to taste a GAP down on monday and on 2M chart we get confirmation of bearish price action then a sudden free fall can not be avoided in BN. Do keep yourself watched!
It might be warranted that the Siemens ends its rangebound movement and give a strong upside breakout sooner than later.
M&M looks hell bullish that it doesnt even gets the chance to make a wick in the candle. Keep adding and make the stock Move up and running.
Weak Support Strong point of entry below the zone and small SL. THUS very lucrative entry point.