Mulakan
NaveenGr

BankNifty Long term analysis, Yearly Trend line, Target 41000.

Panjang
Nifty Bank Index (NSE:BANKNIFTY)  
NaveenGr  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns BANKNIFTY bankniftytrend bankniftytradesetup bankniftyanalysis
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trendanalysis chartpattern banknifty bankniftytrend bankniftytradesetup bankniftyanalysis

Bank nifty has been following this up trend line since 22-05-2020.

1. Total 7 test, current test if 7th one.

2. Out of past 6 times it sustained below trend line only 1 time and that too reversed in some time.

3. Out of past 6 times 5 times it didnt sustain below the trend line and made new high later.

4. Our expectation is of same pattern to continue, that is this trend line holds and we make a new high subsequently without breaking current low.


Trade Setup -

1. Buy - Above 38730, stop 38200, Target - 40000, 41800.

Idea Berkaitan

NaveenGr
BANKNIFTY Intraday - 38200 - 38550 range.
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Nifty 50 Analysis for this week in Daily timeframe
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.