Bitcoin has formed a scary double top pattern in weekly timeframe!
This is the perfect example of head and shoulder pattern. if banknifty opens below 37300 or crosses this level and sustains. we could see it touching the levels of 36600.
Banknifty has given a breakout in 15 minutes timeframe, after breaking the symmetrical triangle pattern. and has closed above 37700. if banknifty opens above 38880 and sustains, first target will be 38100 and second target should be all time high which is 38350. This is just my analysis, I'm not recommending to trade. Thanks.
nifty 50 is forming flag and pole kind of pattern in 15 min timeframe. wait for the confirmation then trade accordingly.
Tata motors could fall till 280. it's a major support zone, investors might look to buy again at that price.
gold looks to be ready for upside momentum.
NIFTY 50 IS IN UPTREND CHANNEL IN 4 HR TIMEFRAME. IF IT BREAKS THE SUPPORTED TRENDLINE, DOWNSIDE SUPPORTS ARE 15580-15450.
BANKNIFTY IN DOWNTREND CHANNEL IN 15 MIN TMEFRAME
NIFTY 50 IN UPTREND CHANNEL, 15700 IS AN IMPORTANT SUPPORT. ONCE THAT SUPPORT BREAKS WE COULD SEE A SHARP SELLING AND MIGHT SEE THE DOWNSIDE LEVELS OF 15500-15350. OR IT COULD REVERSE FROM 15700 FOR MORE UPSIDE.
NSE:BANKNIFTY BANKNIFTY IS ON CRUCIAL LEVEL, IT HAS BROKEN THE DOWNTREND CHANNEL IN 1HR TIMEFRAME. IF BANKNIFTY MANAGES TO OPEN ABOVE 34950, IT CAN EASILY ACHIEVE THE LEVELS OF 35100-35250-35400 IN INTRADAY.