Nifty Bank IndexUpdated Bank Nifty | NSE | Intraday Forecast for November 25, 2024
Strategy involves analyzing the 24th's daily candle and the 15-minute time frame after the market opens on the 25th. Here's a breakdown of the scenario:
Key Assumptions in the Strategy:
24th Daily Candle Analysis:
Its a strong bullish (BL) pattern, expect a potential gap-up opening on the 25th.
25th Market Opening (15-minute chart focus):
Scenario 1: If the market breaks a strong resistance zone above, it is expected to range for a while.
Next Move: After consolidating (ranging), the market will decide the trend direction based on a zone breakout:
Bullish Breakout (BL side): Enter a long trade based on confirmations like increased volume, sustained breakout, or momentum indicators.
Bearish Breakdown (BR side): Enter a short trade once confirmations like rejection candles, lower highs, or volume surge appear.
Key Assumptions in the Strategy:
24th Daily Candle Analysis:
Its a strong bullish (BL) pattern, expect a potential gap-up opening on the 25th.
25th Market Opening (15-minute chart focus):
Scenario 1: If the market breaks a strong resistance zone above, it is expected to range for a while.
Next Move: After consolidating (ranging), the market will decide the trend direction based on a zone breakout:
Bullish Breakout (BL side): Enter a long trade based on confirmations like increased volume, sustained breakout, or momentum indicators.
Bearish Breakdown (BR side): Enter a short trade once confirmations like rejection candles, lower highs, or volume surge appear.
Trade active
market likely to move bullish tomorrow !
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.