Rozpocznij
Manickamtraders

#Banknifty directions and levels for June25th.

Nifty Bank Index (NSE:BANKNIFTY)  
Manickamtraders  
NSE:BANKNIFTY   Nifty Bank Index
Harmonic Patterns Chart Patterns Elliott Wave bankniftytradesetup BANKNIFTY bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftyintradaylevels bankniftyintraday
4
0
harmonicpatterns chartpattern elliottwaves bankniftytradesetup banknifty bankniftytrend bankniftyanalysis bankniftyview bankniftytrading bankniftyintradaylevels bankniftyintraday


BankNifty has still maintaining the range-bound structure, so structurally, today might continue in this manner. If we search for a range breakout, we can see a flag pattern (chart pattern) in BankNifty. This means yesterday's pullback has the flag pattern structure. But what is the probability here? I will explain it in detail.

1. The first thing is it's a range-bound market.
2. The second thing is there is a flag pattern formed within the range.
3. If we look at the nature of the flag pattern, it is a trend continuation pattern in a trending market.
4. But what's here? This is a range market, so the pattern's success probability is less.
5. So, if the market takes a bullish bias initially, we can expect 78% of the pole length in the flag pattern. After that, if it consolidates, then the rally will likely continue.

Alternatively, if the gap-up doesn't sustain, then the range market will likely continue. Trading in a range market is a bit difficult. However, we could enter only if it breaks the downside 38% Fibonacci level.
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.