BANK NIFTY - Potential reversal scenario
Seems like we are going to resume the uptrend in BNF. I have a few reasons behind this logic.
1. Bullish divergence on 1 hr. (Entry time frame for the swing traders)
2. Price is just above 200 MA
3. Price retraced to 0.7 Fib level (not conventional level but works a lot of times)
4. The price is just at the swing level/flip level.
5. There are 3 Virgin CPRs overhead that may be revisited.
6. The only thing that concerns me, is the lack of passive buying/lack of buying interest at the moment.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (johntradingwick)
NSE Certified Technical & Fundamental Analyst
1. Bullish divergence on 1 hr. (Entry time frame for the swing traders)
2. Price is just above 200 MA
3. Price retraced to 0.7 Fib level (not conventional level but works a lot of times)
4. The price is just at the swing level/flip level.
5. There are 3 Virgin CPRs overhead that may be revisited.
6. The only thing that concerns me, is the lack of passive buying/lack of buying interest at the moment.
Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Rajat Kumar Singh (johntradingwick)
NSE Certified Technical & Fundamental Analyst
Catatan
Idea negated. 🛑
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Rajat Kumar Singh,
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
B.Tech (Delhi Technological University)
Global Community Manager, TradingView
✅ Blog: tradingwick.in/
✅ Amorella: amorella.in/
Publikasi terkait
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.