ITS RANGE BOUND TIME FOR BANKNIFTY!
1.Bank nifty to be range bound. A down fall and halt.
2.My analysis says since its a halt at 1st fall its making rectangle pattern. Making it bearish in future.
3.But here's the twist in 1H time frame we can see inverted HNS pattern which i think will get fail , becoz it has tested upper resistance 2nd time and close with doji making a weak signal i.e reversal!
4.Sgx nifty 20 points down at time of analysis , Q4 results are coming! we can expect market to be volatile both technically and fundamentally!
5. If market opens gap up tomorrow which have low chances but still consider 34750 levels as imp
SHIVAM MISHRA
-MGB
2.My analysis says since its a halt at 1st fall its making rectangle pattern. Making it bearish in future.
3.But here's the twist in 1H time frame we can see inverted HNS pattern which i think will get fail , becoz it has tested upper resistance 2nd time and close with doji making a weak signal i.e reversal!
4.Sgx nifty 20 points down at time of analysis , Q4 results are coming! we can expect market to be volatile both technically and fundamentally!
5. If market opens gap up tomorrow which have low chances but still consider 34750 levels as imp
SHIVAM MISHRA
-MGB
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