DETAILED ANALYSIS ON BANK NIFTY WITH INTRADAY AND SWING CALLS!
format
monthly -pink.[fibo level]
weekley- black.
daily - red [ fibo level]
last wave- green -[fibo level]
hour- no hourly levels as it is insignificant
15 min- no 15 min levels as it is insignificant
RSI AND 20 MOVING AVERAGE HIGH AND LOW AND BOLLINGER BANDS
RSI RULES- above 60 bullish ,60 can also act as a pivot point
below 40 bearish, 40 can also act as a pivot point
40- 60 sideways.
moving average rules.-
acts as a dynamic support or resistence
1- WEEKLY ANALYSIS FOR SHORT TERM SWING TRADERS.
BANK NIFTY HAS FACED RESISTENCE ON THE LOWER 20 MOVING AVERAGE BAND WHICH MEANS IT IS GOING TO TRADE BETWEEN THE 22000 - 17000 ZONE IN THE SHORT TERM,weekly rsi is correctly at 40 which means it can face resistence now and break
till 17000,[ if it doesnt resist the rsi 40 one can go with a buy with a stop of 19500 and a target of 22000]
2- DAILY ANALYSIS
BANK NIFTY HAS TAKEN SUPPORT ON ITS 20 DAY MOVING AVERAGE AND IT HEADED TO THE TOP OF THE RANGE WHICH IS 22000 only if it shows divergence on the daily rsi
[ONE CAN GO WITH A buy with a stop of 19500 only after divergence]
3- hourly analysis
for intraday btst/stbt traders
go for a buy if it beats day's high of 16th june with a stop of the 1st hourly candles low with targets of 20350.
4 - 15 min chart
bollinger band squeeze seen buy after it breaks the band with a stop of the low of the candle which breaks the band and targets of 20350.
disclaimer- this is just for study purpose ,one should just take this as a reference.
monthly -pink.[fibo level]
weekley- black.
daily - red [ fibo level]
last wave- green -[fibo level]
hour- no hourly levels as it is insignificant
15 min- no 15 min levels as it is insignificant
RSI AND 20 MOVING AVERAGE HIGH AND LOW AND BOLLINGER BANDS
RSI RULES- above 60 bullish ,60 can also act as a pivot point
below 40 bearish, 40 can also act as a pivot point
40- 60 sideways.
moving average rules.-
acts as a dynamic support or resistence
1- WEEKLY ANALYSIS FOR SHORT TERM SWING TRADERS.
BANK NIFTY HAS FACED RESISTENCE ON THE LOWER 20 MOVING AVERAGE BAND WHICH MEANS IT IS GOING TO TRADE BETWEEN THE 22000 - 17000 ZONE IN THE SHORT TERM,weekly rsi is correctly at 40 which means it can face resistence now and break
till 17000,[ if it doesnt resist the rsi 40 one can go with a buy with a stop of 19500 and a target of 22000]
2- DAILY ANALYSIS
BANK NIFTY HAS TAKEN SUPPORT ON ITS 20 DAY MOVING AVERAGE AND IT HEADED TO THE TOP OF THE RANGE WHICH IS 22000 only if it shows divergence on the daily rsi
[ONE CAN GO WITH A buy with a stop of 19500 only after divergence]
3- hourly analysis
for intraday btst/stbt traders
go for a buy if it beats day's high of 16th june with a stop of the 1st hourly candles low with targets of 20350.
4 - 15 min chart
bollinger band squeeze seen buy after it breaks the band with a stop of the low of the candle which breaks the band and targets of 20350.
disclaimer- this is just for study purpose ,one should just take this as a reference.
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