BankNifty road=map for 28th March

26 Mar 2022

According to the Harmonic Pattern, there is a Bullish Cypher pattern has created in BNF chart and as per trading possibility, i have mentioned a buying Level & all possible Targets to trade. Need to be careful on Target 1 as it's a 38.2% Level of fibonacci, can be a reversal point. if the price sustaining then can go for further Targets. Please have a look into the chart for detailing.

The above study has based on harmonic Patterns, Fibonacci levels & Price action.

If agree with the study, then Please LIKE....

28 Mar 2022

Catatan

Price should be reverse from 35090-80...Then Target will be 35270.
2nd Buy Level above 35420....Target - 35570

If Price Close Below 35000 then...
Target 1 - 34900
Target 2 - 34700
Target 3 - 34400

28 Mar 2022

Catatan

Book some profit around 35150-60....

28 Mar 2022

Catatan

It seems just a small pullback....if crossed above 35160 and sustain with another Green candle then only follow till 35270.

28 Mar 2022

Catatan

Wait for Buying Level...
Up-side Above 35160
Down-side Below 35000

28 Mar 2022

Catatan

2nd Target has achieved also
#2nd Buy Level above 35420....Target - 35570

28 Mar 2022

Catatan

Buy Above 35720
Target 1 - 35800
Target 2 - 35900

28 Mar 2022

Catatan

Can Buy Near 35615-20 also, if price gives the chance...

28 Mar 2022

Catatan

Target will be 35700-10, If bought near 35615-20

Safe Trader can wait Till closing above 35720

28 Mar 2022

Catatan

SL will be 35540-30 for Buying 35615

28 Mar 2022

Catatan

SL got hit...that's why i have mentioned that Safe trader wait...

Now, Short Below 35535...

Target - 35420

28 Mar 2022

Catatan

LONG above 35720

Target - 35875
SL - 35630

Take Entry in 5 minutes Timeframe

28 Mar 2022

Catatan

Wait for a Sustaining Green candle above the Level

28 Mar 2022

Catatan

Level not Initiated....Price got reversed near the Level.
Closing the Trade for today.