Trading Bank nifty would be very challenging this month.
Monthly Chart - Formed Bearish Engulfing
Weekly Chart - Bullish engulfing
Daily Chart - Big Bull candle but at resistance ( may become last engulfing)
If on Monday. Banknifty does not take out 22300-22500 levels on the upside, chances are high that it would be going down again.
Immediate Support @ 21670 and 21530
Expecting High Volatility.
IF you are new bee trade light with strict stop loss.
Monthly Chart - Formed Bearish Engulfing
Weekly Chart - Bullish engulfing
Daily Chart - Big Bull candle but at resistance ( may become last engulfing)
If on Monday. Banknifty does not take out 22300-22500 levels on the upside, chances are high that it would be going down again.
Immediate Support @ 21670 and 21530
Expecting High Volatility.
IF you are new bee trade light with strict stop loss.
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.
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.