Days resistance 35000-35100 Days support 34300-34200
Nifty can continue to be bullish. Buying above 14950. If it breaks trendline, Sell below 14900. upside target: 15050-15100. Downside target: 14850-14800
Head & Shoulder pattern in BN 15 mins chart. Sell after crossing 36850. Target can be the gap levels 36600-36500 (Round level). We have indecision candle on Daily chart.
Simple Pole & Flag pattern. Trade after breakout of either side. For upside movement let it cross 30400 in first 15 mins. If BN opens above it, Then it's gonna take support at our 30400 level.
There's a breakout and retest happened in BN. Bank Nifty may reach it's all time high before this Year end.
Let it break the range of 15mins. And support resistance placed as you can see.
Friendly reminder: Avoid Trading today. Market is sideways ✌️
I have a Bearish view. It came back inside it's channel, Levels you can spot on chart. But it is near swap zone. If it crosses 29850 let it make price action It's gonna come down. And if it crosses 29450 level you can short BN. Wait for first 15mins candle close. Stoch RSI looks negative too. ✌️
Pattern breakout trade, Pattern name Bearish pennant. ✌️
Very good pattern to trade after breakout. ✌️
Bank Nifty couldn't engulf below trendline (Just fake out). Tomorrow if it breaks the channel in first 15mins and crosses 28950, You can short BN. (Support levels at 28700 & 28600). Watch out it can just break and can take support at 200EMA too. For long position, Let it cross 29300. (Resistance levels at 29450 & 29650). Market can be volatile, Be careful with...
Looks like Bank Nifty will take support at 200 EMA.
Bank Nifty engulfed & retested it's resistance. Target i assume will be 29200 positional.
Channel breakout then bearish pennant breakout morning Gap filled. ✌️ R:R of 3:9 🔥
There are three probabilities. I feel it'll move mostly either flat or in upward direction. 30,000 will be a crucial level. Be careful with your position sizing and R:R.
I have bullish view tomorrow, Psychologically institutions wants to push the price 30,000+ before this Fut expire. So for tomorrow let 5mins candle close above 29800, and you can plan for Long position. If not and opens flat or gap down crosses 29650, Then the support is placed at 29400 & 29200. Watch out for rejections at resistance on 5mins & 15mins chart. ✌️