Bank Nifty Trading Strategy for 22nd Sep'2020
Güncellendi
#banknfity OI up by 19.22% and price down up -3.02 %, which indicates a huge short build Up.
I posted on Saturday: "There is a structural breakdown in the chart, which I was highlighting continuously until price move back to the structure, more pain is ahead"
This structure further deteriorated.
The uptrend channel which started on 16th June (19,507), the price got closed below in the channel 4th time in a couple of days, which again is not a bad sign.
And in the last 3 weeks, we are closing in red on weekly basis, which is again a very bad sign.
Decision Zone 21,486 - 21,630, below is bearish, and above is bullish.
#banknifty is near a very strong support zone of 21,026 - 21,230 and the last round of support is 20,732.
If 20,732 breaks, then the lower target is 19,507 & 18,540.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
I posted on Saturday: "There is a structural breakdown in the chart, which I was highlighting continuously until price move back to the structure, more pain is ahead"
This structure further deteriorated.
The uptrend channel which started on 16th June (19,507), the price got closed below in the channel 4th time in a couple of days, which again is not a bad sign.
And in the last 3 weeks, we are closing in red on weekly basis, which is again a very bad sign.
Decision Zone 21,486 - 21,630, below is bearish, and above is bullish.
#banknifty is near a very strong support zone of 21,026 - 21,230 and the last round of support is 20,732.
If 20,732 breaks, then the lower target is 19,507 & 18,540.
Always trade what you see, never trade what you feel. Make this a habit, you won't be requiring any seminar, webinar, or mentor, you will be self-sufficient.
İşlem kapandı: hedefe ulaştı
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