BankNifty Analysis Jan-Mar
Updated
Hello Traders
I hope this blueprint explains it all Bottom buy @ 40690 long term
Short term: 44973 open will create a floating island pattern (if so ignore the below)
If buyers are serious with the amount of futures being held i believe we should be heading upside to 47900 / 49963 / 50617 to the upside
Lets hope market does what we believe, update from data will change the path laid.
This info is only for learning purposes.
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
I hope this blueprint explains it all Bottom buy @ 40690 long term
Short term: 44973 open will create a floating island pattern (if so ignore the below)
If buyers are serious with the amount of futures being held i believe we should be heading upside to 47900 / 49963 / 50617 to the upside
Lets hope market does what we believe, update from data will change the path laid.
This info is only for learning purposes.
Stay safe.. Trade according to your risk profile.
Let me know if you agree or disagree in comments... Looking forward
Best Regards
Note
19.01.2024Sell below 45800 for target 45250 / 44400
Buy above 46666 for target as specified above / on chart
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