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RaviChandran_Rajkumar

Bank Nifty Trade Setup for 30 MAY 2022

Nifty Bank Index (NSE:BANKNIFTY)  
RaviChandran_Rajkumar  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns Technical Indicators tradershedge BANKNIFTY bankniftytrend
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trendanalysis chartpattern indicator tradershedge banknifty bankniftytrend
Bank Nifty Trade Setup for 30 MAY 2022

Expecting a gap up opening in Bank Nifty around Bullish Breakout zone.

Any resistance around the opening high we can expect Nifty to test R1 / Bearish Reversal Zone once and then find a new support to bounce on the upside targets.

In case Bullish Break out is taken out on the upside we can expect Nifty to test T2 targets today & higher.

In case Bearish Reversal is compromised on the lower side we can expect Nifty to test out CPR & find support at CPR before any bounce back to upside.
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