Bank Nifty - Bullish for further 49000 levels???
Updated
BNF looks bullish now but if we see the daily candlestick - it creates confusion in the mind.
Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line
Bullish - Prices must hold above top blue line!
NTZ = NOTRADING ZONE (Avoid fresh entry)
Simple analysis:
Gap Down Open - Confusion/Reversal
Gap up Open - Must be above top blue line
Bullish - Prices must hold above top blue line!
NTZ = NOTRADING ZONE (Avoid fresh entry)
Note
Almost flat opening. Chances of reversal/ failure is there!Note
first target achievedNote
BNF opening today in the NTZ! This analysis could achieve 1st target only towards upward move! Mindset changed now! Neutral till prices keave the NTZ.Note
Sell on rises activates!The Rises
1st 48200-280
2nd 48350 to 48475
Note
The 1st rise worked very well today!Trade closed: target reached
both upward and downward targets achieved!
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.