Bitcoin on DTF seems to be heading toward 41k, any reversal can be seen from that level.... A berish divergence is showing up hence further down side is invetable..
Bank nifty:
Daily TF as the price holding 35200
breakout on the upside can test the highs again.
Price keeping below 33870 can bring down prices till 32000 ...
Let's see what happens
Hourly TF , nifty staying above 15700 will be in the uptrend continuation to previous week and will be trying to test 15900 for fourth time.
As per weekly OI 15800 will be strong resistance which will key breakout level to watchout...
Staying below the previous lows 15670-15630 can weeken the momentum..
STF nifty can be week if price breaks the channel and momentum drifts downside ...
Staying above will strength the buyer to go long futher in coming week
Can Bank Nifty sustain its momentum!?
From price perspective higher highs and higher lows are forming as it shows a bullish sign but one has to wait for confirmations from coming up sessions.
On 15mins TF chart, looking at last hour profit bookings 35230 level can be possibly retested.
Will be watchful on downside 34500 as srong support nd upside resistance will...
At Hourly TF , CM closing price of reliance industry seems to be intresting. Perfectly At the junction of breakout on all the patterns. Looking at the volumes seems to be some selling happened before today's event. Intresting to how price moves ....
For downside have market next level and upside only when channel in green gives breakout.
ICICI Bank:
As on chart double top is being expected to form on DTF..
CMP is at 50ema cross, price has to move till 200 ema to complete this pattern.
Let's see what happens...
If nifty consolidates from the CMP , has been market the possible levels on the downside.
Predicting Upside breakout is least posible in the coming month.
Note: This is just trade for education purpose. Any trade taken should be done with extream causion. 😋
