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Bankniftyprediction

BANKNIFTY : 17th Mar level14th March : NIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it. 15th Mar: Same view & levels for Bank nifty 16th Mar: Same view & levels for Bank nifty 17th Mar BANKNIFTY trading as per price action on chart. follow the same level further Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal trade. First Learn and then remove "L"
NSE:BANKNIFTY
by ChartsSpecialist
Bank nifty: Price Behavior and Reactions NSE:BANKNIFTY Learn from such minute price behaviors. Watch point 1 marked in chart, Price is not closing below this line for the whole one hour (this is 15 minute candle) Means either someone is accumulating at particular level or someone doesn't want price to go below this level. In either way price is protected at that level. The reaction price swiftly moved above from those levels. Watch point 2 again the price is behaving similarly as mentioned in point 1 at FVG region. Price is not willing to close below the FVG lines line. Reaction an swift up move. For those who don't know what is a FVG is see the example inserted picture or go through my earlier post bank nifty lower time frame trading strategy (link attached below) You can see this price behavior across the time frame even at 1 minute. What explained here is a bullish structure and the bearish structure is just opposite of this. Go through NIFTY or BANK Nifty chart at any time frame and find such price behavior as a home work. Good luck
NSE:BANKNIFTY
by Vasu_devan