Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Consolidation zone of Bank Nifty
#1
Consolidation zone of Bank Nifty

Previously After creating a high above current levels bank nifty came back to current levels and consolidated for a week, It has followed the same consolidation pattern for now. As last time the uptrend turned into downtrend from this consolidation. same is likely to happen in current situation. Closing of bank nifty below levels of 37400 will start a short term retracement. a breakdown below levels of 36250 will cause further downside.
Upside for bank nifty is highly unlikely given the current market situation and chart pattern.

https://in.tradingview.com/chart/BANKNIF...ank-Nifty/
Reply




Users browsing this thread: 1 Guest(s)
[-]
Live markets

[-]
RCF

loading widget to trade RCF


[-]
Latest Threads
UBL Ascending triangle !!

Yesterday 06:05 PM
» Replies: 0
» Views: 0
Are we ready for a market crash ??

Yesterday 06:05 PM
» Replies: 0
» Views: 0
CAPLIPOINT

02-Oct-2022 04:31 AM
» Replies: 0
» Views: 3
btc analysis

02-Oct-2022 04:31 AM
» Replies: 0
» Views: 4
INOXWIND Looking good

01-Oct-2022 07:57 PM
» Replies: 0
» Views: 4
nifty analysis volume profile

01-Oct-2022 07:57 PM
» Replies: 0
» Views: 6
A few cash picks
Last Post: admin
01-Oct-2022 07:49 PM
» Replies: 33
» Views: 11336
Inverse Head and Shoulders Breakout at D...
Last Post: TradingView
01-Oct-2022 05:17 PM
» Replies: 0
» Views: 3
Crudeoil consolidation
Last Post: TradingView
01-Oct-2022 05:17 PM
» Replies: 0
» Views: 5
3.9 Years Darvas Box Breakout at APOLSIN...
Last Post: TradingView
01-Oct-2022 09:46 AM
» Replies: 0
» Views: 4
#Nifty 15 Min support and resistance for...
Last Post: TradingView
01-Oct-2022 09:46 AM
» Replies: 0
» Views: 7
Go Long
Last Post: TradingView
29-Sep-2022 05:02 PM
» Replies: 0
» Views: 12
Nifty's Structure For Final Week of Sept...
Last Post: TradingView
29-Sep-2022 05:02 PM
» Replies: 0
» Views: 13
Don't miss ???
Last Post: TradingView
29-Sep-2022 03:24 PM
» Replies: 0
» Views: 17
SGX Nifty Coming days
Last Post: TradingView
29-Sep-2022 03:24 PM
» Replies: 0
» Views: 15
CnH Formation in HUL
Last Post: TradingView
28-Sep-2022 04:09 PM
» Replies: 0
» Views: 14
ASIANPAINT
Last Post: TradingView
28-Sep-2022 04:09 PM
» Replies: 0
» Views: 18
long indusind
Last Post: TradingView
28-Sep-2022 09:44 AM
» Replies: 0
» Views: 14
BANK NIFTY
Last Post: TradingView
28-Sep-2022 09:44 AM
» Replies: 0
» Views: 17
Reliance
Last Post: TradingView
26-Sep-2022 01:45 PM
» Replies: 0
» Views: 21

[-]
Recent Posts
UBL Ascending triangle !!
UBL Ascending triang... — 06:05 PM
Are we ready for a market crash ??
Are we ready for a m... — 06:05 PM
CAPLIPOINT
CAPLIPOINT NSE:CAPL... — 04:31 AM
btc analysis
btc analysis sell a... — 04:31 AM
INOXWIND Looking good
INOXWIND Looking goo... — 07:57 PM