As a general discussion, I’m or anyone is not supposed to take any advise, but what you think, will BN open gapup or gapdown.
As there is much value of support resistence in my analysis, i think it will open gap down.
I’m just trying to learn, so plaese add your point of reason so i think we all can understand different perspectives of analysis.
Different views will help contemplate things and thus to improve analysing charts
Post BN chart to know why you think it will open gap down
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In my opinion, BN is facing serious resistance at given levels in chart, so i thought, going above is not in favor to BN
Edit: 30 m candlesticks
Tough to predict what’s gonna happen tomorrow considering the fact that bank nifty has basically taken a halt from last 3 days and is in narrow range.
Short term trend is positive. And if there’s a gap down 41k n below, can get clean 1% but if US markets do well…breakout above 41500 can’t be ruled out as well
As there are lot of ifs and buts, I’m personally giving this trade a miss.
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It is facing a resistance, but it is in uptrend, so while I cannot say what can happen tomorrow, looks like it will continue going up until the ATH is met.
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I think BN will surely gonna give bullish trend tomorrow, Cause little zig-zag happens in price .
I think, 41000 is really very crucial point, and I’m also interested in your view regarding this point . If BN crosses
below this line, it has to go to 40600 atleast, as next resistance is there.
But if it sustains above 41000, it may max go to almost 41300, and then take a reversal and go to 40600 around and then will come to break 41500 point. I think BN is looking sluggish on bullish movements so i think this.
Well, i don’t care about what’s going in economy, in world, but i think, i should care
Possibilities of that is also equal, but personally i think BN is in mood of rest for some time
I think both , will open gap down and give bullish trend .
Phir confuse karne ke liye mafi chahta hu bhai
So which trade you will take, long or short?
This thing can not be set , if BN will bullish – long or bearish – short.
It is just a assumption (but backed by logic) that BN will bullish, if less, range bound
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What BN is trying to do today , first, it given melody to bullish traders, then taken dairymilk from them
What is surprising here? This happens all the time with indices, reversal can happen in the last few minutes of the sessions too, did you not see this before?
Yaa This is quite common in BN, but this time, it has broken important levels like nothing, broken 2-3 imp levels in one shot . BN is respecting these levels from a long time and keeping itself on bullish mode, but the way BN is gone down, it looks like that all are fake (that bullish mode)!