Banknifty Bullish view

٢٦ يناير ٢٠٢٤

Banknifty has formed super bullish rising wedge pattern. It can easily reach upto 46500 levels. And if it further sustains there there will be big target seen in upcoming time.

Target1 45800
Target2 46500
Target3 47000
Target4 47500
Target5 48000

٢٦ يناير ٢٠٢٤

ملاحظة

Another supporting factor to the above analysis. Major trend line support taken by the market in 1D 1W timeframe. Which normally people tend to ignore. Also 0.38 fibo support taken by the market. The only condition is it should not gapdown from this level.

٢٦ يناير ٢٠٢٤

ملاحظة

Also HDFCbank may support this market now due to LIC investment news. So every dots are connected now.

٢٩ يناير ٢٠٢٤

تم فتح الصفقة

Target1 is about to achieve.

٣٠ يناير ٢٠٢٤

ملاحظة

Banknifty is showing lot of strength but it hasnt moved much yesterday. May be it's waiting for the budge. today it can make or break. till budget it will be highly volatile. Ones it cross 200 EMA. it will become powerplay contender.

Updated ss below.

٣١ يناير ٢٠٢٤

ملاحظة

nice price action based rally.

٣١ يناير ٢٠٢٤

ملاحظة

Midcap has some strength now. Same kind of pattern formed.

١ فبراير ٢٠٢٤

ملاحظة

Budget move can be different. Cant predict that.

١ فبراير ٢٠٢٤

ملاحظة

Sensing bit of the bearish ess today. If i dnt short the market i will not go long either. Be careful.

٢ فبراير ٢٠٢٤

ملاحظة

target2 done. market sustaining on the higher level today.

٢ فبراير ٢٠٢٤

ملاحظة

Selloff from nifty highwr levels. Still BN able to hold the target1.

٣ فبراير ٢٠٢٤

ملاحظة

You must have seen above comment. Therefore if market will gapdown on following monday 5th feb. I will become bearish. Please follow this analysis if market gapdown.