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Indieconomic

BNF | Area of Confluence | Gap fill trading |

Nifty Bank Index (NSE:BANKNIFTY)  
Indieconomic Mis à jour   
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Candlestick Analysis Multiple Time Frame Analysis
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supportandresistance candlestick mtfa
In weekly chart (note: two crucial sessions are remaining in a week), BNF taken a support from Area of Confluence and if current week candle closes above Rs 33305 i.e. 1st Feb-21 budget candle high (refer below chart), we can consider trend reversal.

snapshot

In total in three gap created by BNF past 20 sessions, every gap will act as support & resistance for price movement. Suppose Gap I filled, Resistance & Support will be Rs 34340 – Rs 33540, respectively (refer below chart).

snapshot

Thanks
Commentaire:
GAP IV

snapshot
Commentaire:
GAP I and GAP IV filled !!

Next Target GAP II

Idées en relation

Indieconomic
Bank Nifty Set Up for Fill Gap Trade
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