Bank NIFTY's direction and price for Aug-01 contract
1. We can see a sharp reversal in last 2 candles, speculated to go Bullish (at-least short-term)
2. Bulls are being supported by 1SD Bollinger Bands, you can see how the prices breached 1SD BB, this will eventually go back to the mean, it is possible only by moving in upward direction.
3. Second confirmation is Harmonic Patter, it is a solid Bullish Harmonic.
4. Again, it might turnout to be a short-term bullish, because, overall strength is still retained by bears.
5. If it is going to be bullish, the what will be the resistances, we can pick the resistance levels from previous price actions, but I chose variances @29600 before expiry and @29900 on Expiry.
2. Bulls are being supported by 1SD Bollinger Bands, you can see how the prices breached 1SD BB, this will eventually go back to the mean, it is possible only by moving in upward direction.
3. Second confirmation is Harmonic Patter, it is a solid Bullish Harmonic.
4. Again, it might turnout to be a short-term bullish, because, overall strength is still retained by bears.
5. If it is going to be bullish, the what will be the resistances, we can pick the resistance levels from previous price actions, but I chose variances @29600 before expiry and @29900 on Expiry.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。