BANKNIFTY -1H | What Next?

2023年6月20日

𝗛𝗲𝗹𝗹𝗼 𝗧𝗿𝗮𝗱𝗲𝗿𝘀, 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝘁𝗼 𝗢𝗻𝗲𝘀𝗵𝗼𝘁 𝗧𝗿𝗮𝗱𝗲𝗿𝘀!

BankNifty given good movement to our levels posted yesterday. Made good profit in today's trades.

𝗡𝗼𝘄, 𝗪𝗵𝗮𝘁 𝗡𝗲𝘅𝘁?

As BankNifty moving to our previous supply zone (43912 - 43976).

Here are the both side Important Levels:
RESISTANCE: 43976 | Reversal Zone: 43926-44100
SUPPORT: 43815, 43700, 43500

As per open interest Biggest resistance at 44000 and biggest support at 43500

I'm still stick to my previous 3 Interpretations which I posting from Monday. Check my previous posts.

𝟭. The pattern looks like its going to form a 𝗛𝗘𝗔𝗗 𝗔𝗡𝗗 𝗦𝗛𝗢𝗨𝗟𝗗𝗘𝗥 𝗣𝗔𝗧𝗧𝗘𝗥𝗡. To complete this pattern it should move up to the 44000 level and then have to reverse.

𝟮. Forming a 𝗙𝗔𝗟𝗟𝗜𝗡𝗚 𝗪𝗘𝗗𝗚𝗘 𝗣𝗔𝗧𝗧𝗘𝗥𝗡. Here also the same, the price should move up from the support 43400 level.

𝟯. Putting all these pattern aside, the red zone which I drawn on chart is 𝗙𝗶𝗯𝗼𝗻𝗮𝗰𝗰𝗶 𝗥𝗲𝘁𝗿𝗮𝗰𝗲𝗺𝗲𝗻𝘁 𝗟𝗲𝘃𝗲𝗹. If market moves up and forms a 𝗕𝗲𝗮𝗿𝗶𝘀𝗵 𝗖𝗮𝗻𝗱𝗹𝗲 at this zone, I'll update the targets in below comments after confirmation.

Now you may understand that my previous analysis is still active. So, please be stay tuned here and click on follow button.

𝗧𝗵𝗮𝗻𝗸 𝘆𝗼𝘂,
𝗛𝗮𝗽𝗽𝘆 𝗧𝗿𝗮𝗱𝗶𝗻𝗴...

⚠⚠⚠DISCLAIMER⚠⚠⚠
Please note that trading and investing in the stock market involves risk and may not be suitable for everyone. The information provided in this video is based on my personal experience and educational purpose. You are responsible for your own investment decisions and that I shall not be liable for any direct, indirect, incidental, or consequential damages arising from your reliance on the information provided.