Banknifty wedge pattern breakdown and near support

업데이트됨

Banknifty after breakdown from wedge pattern given
vertical fall towards 50550

Important fib level to watch
61.8% : 50465

Improtant gap area low 49655.

Shorters should be cautious near above two levels as vertical falls mostly retraces fast on upside..

I am personally will not short near important levels and will wait for bullish pattern to form near support zone.

Discalimer : i am not SEBI registered.. study is only for educational purpose

코멘트

made high near 50800 till now from golden ratio support..

reminded not to short near important support

코멘트

50892 high made

코멘트

50942 high made

거래청산: 타겟 닿음

high made 51013.. profit booking advisable near psychological level

코멘트

51192 high made intraday...
banknifty moved as expected in morning analysis that
wedge breakdown with vertical fall tend to retrace fast on upside...
took the support of golden ration near 50465 and given a rally of 600+ points
in intraday... enjoy the profit