the recent rise in bank nifty is not impulsive
the rise even could not touch the uml of the pitchfork in hourly time frame
Excepting European market all other markets are trading below 200 dma
and rise in gold also indicating shifting of fund.
but please keep an eye on stochiastic in hourly time frame
any divergence may result in spike in bank nifty.
any short position should be with strict stop loss.
bank nifty has resistance at 37650,3779 and 37908.
happy and safe trading.
the rise even could not touch the uml of the pitchfork in hourly time frame
Excepting European market all other markets are trading below 200 dma
and rise in gold also indicating shifting of fund.
but please keep an eye on stochiastic in hourly time frame
any divergence may result in spike in bank nifty.
any short position should be with strict stop loss.
bank nifty has resistance at 37650,3779 and 37908.
happy and safe trading.
Note
Note
today it touched the target.Note
arrow mark is 200 dma
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.