Trend reversal in bank nifty.
Consecutive two hammers followed by one green candle
taking out the highs of two hammers ,no need to say it is trend reversal.
Tomorrow likely to be gap up opening at around 40168.
Any dip should be bought. 40088 will be strong support in case
of gap up .Incase bank nifty opens below 40088 ,it should act
as resistance.But it is expected to be conquerred.
it seems bank nifty has concluded this leg of correction with wave Z .
Fomc meeting out come will be known on Friday.
But US market has started to react to it.
Bank nifty may touch 20 period simple moving average which is now at 40209.
Please go through my earlier posts of bank nifty ,adani.hdfc bank.
connect with me by following and liking my posts.
taking out the highs of two hammers ,no need to say it is trend reversal.
Tomorrow likely to be gap up opening at around 40168.
Any dip should be bought. 40088 will be strong support in case
of gap up .Incase bank nifty opens below 40088 ,it should act
as resistance.But it is expected to be conquerred.
it seems bank nifty has concluded this leg of correction with wave Z .
Fomc meeting out come will be known on Friday.
But US market has started to react to it.
Bank nifty may touch 20 period simple moving average which is now at 40209.
Please go through my earlier posts of bank nifty ,adani.hdfc bank.
connect with me by following and liking my posts.
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or if takes out today's high
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formimg triangle.
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market is volatile ahead of fomc meeting.
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dow future slipped below 20 period hourly moving average.
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bank nifty touches 20 dma and 40168
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in 2 minutes chart my live trading.
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connect with me by following me and liking my post in trading view.
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end of the day chart quite disheartening.
how was my study?