Bank Nifty - Weekly review Feb 17 to Feb 21
Price gave nice fall from rising wedge pattern and in that process has formed a descending channel. Now price is testing the upper trend line of the channel. 49000 zone is the trend direction deciding zone.
Buy above 49040 with the stop loss of 48940 for the targets 49140, 49220, 49340, 49460, 49600, 49720, 49850, 49980. 50k is important zone and price may become volatile as buyers and sellers will try to show their strength at that zone. Sustaining above 50100 can give another 500 to 800 points move.
Sell below 48800 with the stop loss of 48900 for the targets 48700, 48580, 48500, 48360, 48200, 48040 and 47950.
Do your own analysis before taking any trade.
Buy above 49040 with the stop loss of 48940 for the targets 49140, 49220, 49340, 49460, 49600, 49720, 49850, 49980. 50k is important zone and price may become volatile as buyers and sellers will try to show their strength at that zone. Sustaining above 50100 can give another 500 to 800 points move.
Sell below 48800 with the stop loss of 48900 for the targets 48700, 48580, 48500, 48360, 48200, 48040 and 47950.
Do your own analysis before taking any trade.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie
Join my students group for Index Option Trading to earn and learn.
Join my students group for Index Option Trading to earn and learn.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.