BankNifty's Route-map for 17th march
Atualizado
As we seen in today's session BNF just roaming in a 200-250 points range. In tomorrow session, BNF can come out from sideways trend and do a good Up-side rally as expected.
Up-side movement will only be possible if price break the resistance zone and start trading above the same. Otherwise it would be less difficult to go in a down-trend for BNF.
Read the chart once to know the buy and Short levels and their possible Targets.
The study based on Harmonic Pattern, Fibo ratios and Price action.
Suggestions:-
# Always wait for candle closing before Enter in a Trade.
# Trade after 10 a.m. - Whenever the market opens, There always a strong but a wild Wave. so let that a bit cool first.
# Don't Over-Trade - Always set a Target and immediately Stop Trading after the same get achieved.
# Margin in Targets - Always carry a margin around 20-25 points in targets. Don't wait to book at dot price.
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Up-side movement will only be possible if price break the resistance zone and start trading above the same. Otherwise it would be less difficult to go in a down-trend for BNF.
Read the chart once to know the buy and Short levels and their possible Targets.
The study based on Harmonic Pattern, Fibo ratios and Price action.
Suggestions:-
# Always wait for candle closing before Enter in a Trade.
# Trade after 10 a.m. - Whenever the market opens, There always a strong but a wild Wave. so let that a bit cool first.
# Don't Over-Trade - Always set a Target and immediately Stop Trading after the same get achieved.
# Margin in Targets - Always carry a margin around 20-25 points in targets. Don't wait to book at dot price.
If found the study Helpful, then please LIKE
Thank You
Nota
Be Ready for a another start with Gap-up in tomorrow session. Can open around or above 36000. After opening, price can touch 36150 quickly. wait for a pullback around 35950-20.
Nota
Woow! BNF is on High note today.If Crossed & Closed Abouve 36600, then can go for Target 4. Start trailing SL after achieving the same.
Important Level - 36600-550. If broke then can see a down-move till 36250-235.
Nota
Remained less room for further Up-side Move. All depends on @36600 level. If Crossed Then can go for :-First, Target 4 @36625 (as mentioned on the chart)
Then, 36750--36900--37050
The Down-trend will be only confirmed if Crossed & closed below @36450.
Target 1 - 36300
Target 2 - 36100
Target 3 - 35850
Wait till to activate for any side of Buying Level.
Nota
BNF Got Stuck again in 150 points range (36450-600).Let it break first to any side. We know the Levels & their Targets.
Trade fechado: objetivo atingido
Session Summery ;Booked 500+ Points today...and almost all Up-side Targets achieved too.
A Good profitable day it was, But in the the first half only.
As i guessed, BNF opened with a gap-up of 600 points just above the Target 2 and reached to Target 3 and keep climbing and almost touched to Target 4 also and stuck in a range until 03;15pm.
Now BNF has broken that range near market closing and indicated towards a good Down-move in Upcoming Session.
will update a fresh chart soon...
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