Nifty Bank IndexLong
Trend reversal in bank nifty.
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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.
Note
0pened below but faced resistance around 40088 as I had mentioned.today's high was 40085,I squarred off all long there. will eneter long later.how was my study?
Note
or if takes out today's highNote
Note
formimg triangle.Note
market is volatile ahead of fomc meeting.Note
Note
dow future slipped below 20 period hourly moving average.Note
Note
bank nifty touches 20 dma and 40168Note
Note
in 2 minutes chart my live trading.Note
connect with me by following me and liking my post in trading view.Note
Note
end of the day chart quite disheartening.
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