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Nifty Bank Index
Long

Expect Slow and Sudden Rise in Bank Nifty 1 Hr Chart.

By Karthiktinku
Updated
BANKNIFTY

Note: For education purpose only.

Following logic helps give a Long Trade bias in Bank Nifty 1 Hr Chart.

1. Price colliding with Triple intersection of lines...
a. Pitch Forks from Major and Minor dimensions
b. Inward frequency line of Major demand zone
c. Slope frequency line
2. Price action showing inability of Sellers to close below the Market Edge (Bullish Fractal Bar) shown in the image.
3. Elliot wave with 5 legs is displayed in minor supply zone, indicating the ending of downward momentum and beginning of upward
price momentum.
4. Price respecting the 2nd Standard Sigma deviation of Two VWAPs
5. Divergence of Price with respect to Volumes, both in major and minor downward moments.
6. 2nd Degree Price divergence with respect to RSI.
7. High buying pressure at bottom wicks of bullish candles.

Entry: 41800 - 42100
Target: 42900BANKNIFTY
SL: 41550
Trade active
Our Trade is ROCKING!!!!
Trade active
We made the Perfect LONG ENTRY when price touched the slope frequency line. Already profited with 400+ points in a single Tarde. Trade is still active. It is looking like 42700 is an inevitable Target. 42900 will take a little while.
Trade closed: target reached
AAAWESOMEEEE... 41900 TO 42700. 800 POINTS Target is Hit in just 2 DAYS.

This Trade is Closed now.
Chart PatternsTrend Analysis
Karthiktinku
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