#BANKNIFTY
As expected BNF trading at blue sky zone,whats next from here, lets find out!
Outlook for the week Nov 14 Nov 18, 2022.
THREAD: Deconstructing BANKNIFTY on 4 different TF's.
As expected BNF trading at blue sky zone,whats next from here, lets find out!
Outlook for the week Nov 14 Nov 18, 2022.
THREAD: Deconstructing BANKNIFTY on 4 different TF's.
#BANKNIFTY
1. Monthly TF:
• Bullish view. At fresh ATH closing on monthly basis.
• Looks very promising at higher TF.
• Will keep outperforming Nifty.
1. Monthly TF:
• Bullish view. At fresh ATH closing on monthly basis.
• Looks very promising at higher TF.
• Will keep outperforming Nifty.
#BANKNIFTY
2. Weekly TF:
• C&H BO on weekly TF, targets mentioned on the charts, along with SL basis the chart pattern.
• Expecting a big move in BNF > 52k which will take several months.
2. Weekly TF:
• C&H BO on weekly TF, targets mentioned on the charts, along with SL basis the chart pattern.
• Expecting a big move in BNF > 52k which will take several months.
Expecting this tgt 2 of channel BO to get achieved within few days.
#BANKNIFTY
3. Daily TF:
• A doji at blue sky zone indicates indecision, so need to wait for follow up candle to make a conclusion for the week.
• However its a clear buy on dips market.
3. Daily TF:
• A doji at blue sky zone indicates indecision, so need to wait for follow up candle to make a conclusion for the week.
• However its a clear buy on dips market.
#BANKNIFTY
4. Hourly TF:
• S/R mentioned on the charts.
• Moving within the rising channel.
• 41300 zone is a good level to go long in case any reversal pattern.
• 40800-850 would act as a first pullback post BO, good levels to go long on positional basis.
4. Hourly TF:
• S/R mentioned on the charts.
• Moving within the rising channel.
• 41300 zone is a good level to go long in case any reversal pattern.
• 40800-850 would act as a first pullback post BO, good levels to go long on positional basis.
#BANKNIFTY
Conclusion:
• Currently trading at blue sky zones i.e. untested zones, so clearly a buy on dips market.
• Would remain watchful at 41300 and 40800-850 zones to go long.
•Tgt of C&H BO = BNF >52k which will take several months.
Conclusion:
• Currently trading at blue sky zones i.e. untested zones, so clearly a buy on dips market.
• Would remain watchful at 41300 and 40800-850 zones to go long.
•Tgt of C&H BO = BNF >52k which will take several months.
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