Flag on bank nifty
As per Trading View policies, I can't post 1-3-5 min charts but based intraday charts, bnf is creating a flag pattern with decreasing stoch. It could break anywhere.
If it goes up, it would sustain only above 28665.
It could open gap down or maybe no gap and in which case, I feel like it will go downwards once it crosses 28433 otherwise it would be range bound within 100 points.
I feel like it will go down (maybe for within intraday or for a shorter period) as it is trending since 5th March breaking all time high as well.
Secondly, it is creating downward flag on 1, 3 and 5 min Charts with decreasing Stoch
and momentum
What are your views? Let me know :)
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
If it goes up, it would sustain only above 28665.
It could open gap down or maybe no gap and in which case, I feel like it will go downwards once it crosses 28433 otherwise it would be range bound within 100 points.
I feel like it will go down (maybe for within intraday or for a shorter period) as it is trending since 5th March breaking all time high as well.
Secondly, it is creating downward flag on 1, 3 and 5 min Charts with decreasing Stoch
and momentum
What are your views? Let me know :)
Thank You, Happy Trading
Disclaimer: I am not a registered broker or analyst these are only my opinions based on current market and I am not responsible for anything based on my idea. Do your own research before trading.
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