Good Morning Traders,
BankNifty stayed positive for 3rd straight day, rising half a percent of 231 points to 46232 and formed bullish candlestick pattern with minor upper shadow on the daily time frame, BANKNIFTY went closer to its record high on friday, but unable to give breakout. Guy's if i talk about weekly timeframe, still banknifty has formed long bullish candlestick pattern with above average volumes and gained 2.4 % in last week. Hence, the decisively close above all time high can push Banknifty towards 47500-48000 in coming months. Guy's keep in mind any big Dip in index can be buying, so please plan accordingly.
Important Levels For Banknifty:-
Support Zone 45500-45600
Resistance Zone 46300-46400
Buy above 46267, if levels sustains at least for 15 mints.
Targets we can see in upside 46380/46535
Keep stop loss at 46091
Sale below 45889, if levels sustains at least for 15 mints.
Targets we can see in downside 45745/45579
keep stop loss at 46091
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
BankNifty stayed positive for 3rd straight day, rising half a percent of 231 points to 46232 and formed bullish candlestick pattern with minor upper shadow on the daily time frame, BANKNIFTY went closer to its record high on friday, but unable to give breakout. Guy's if i talk about weekly timeframe, still banknifty has formed long bullish candlestick pattern with above average volumes and gained 2.4 % in last week. Hence, the decisively close above all time high can push Banknifty towards 47500-48000 in coming months. Guy's keep in mind any big Dip in index can be buying, so please plan accordingly.
Important Levels For Banknifty:-
Support Zone 45500-45600
Resistance Zone 46300-46400
Buy above 46267, if levels sustains at least for 15 mints.
Targets we can see in upside 46380/46535
Keep stop loss at 46091
Sale below 45889, if levels sustains at least for 15 mints.
Targets we can see in downside 45745/45579
keep stop loss at 46091
Note:- Always wait for the best entry or levels to execute trades. And always follow strict stop loss to save your capital from unexpected market direction.
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Best Regards,
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
Rahul Pal
(Full Time Trader & Investor)
Join Free telegram t.me/TraderRahulPal1
Contact us for High Accuracy above 85% Paid Trading Advisory & Portfolio Management Services & Learning Programmes.
Whatsapp:- +919560604457
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