#BANKNIFTY
Outlook for the week Dec 13, 2021
Nov Monthly: Bearish Engulfing (BE) formation done however confirmation would be once it starts trading below 35695
Weekly: There are no lower lows, however we need a higher highs in weekly to change the stance from neutral to +ve
Outlook for the week Dec 13, 2021
Nov Monthly: Bearish Engulfing (BE) formation done however confirmation would be once it starts trading below 35695
Weekly: There are no lower lows, however we need a higher highs in weekly to change the stance from neutral to +ve
#BANKNIFTY
Daily: Bullish structure, BO of rectangle or W pattern and since past three days 36800 zone is where buyers are active
BNF after making an upmove of 1700 points, remained sideways for past two days
Daily: Bullish structure, BO of rectangle or W pattern and since past three days 36800 zone is where buyers are active
BNF after making an upmove of 1700 points, remained sideways for past two days
#BANKNIFTY
Hourly: Clear formation of bullish flag, awaiting a BO
Strong upmove followed by sideways consolidation in the upper one third area of the upmove
Hourly: Clear formation of bullish flag, awaiting a BO
Strong upmove followed by sideways consolidation in the upper one third area of the upmove
#BANKNIFTY
15min TF:
R1: 37850-37950
R2: 38250 (which is a weekly Resistance as well)
R3: 38514
S1: 36800
S2: 36500-575
S3:36325
S4: 35960
15min TF:
R1: 37850-37950
R2: 38250 (which is a weekly Resistance as well)
R3: 38514
S1: 36800
S2: 36500-575
S3:36325
S4: 35960
Prudent to sell PE's 36800 & below
Strike selection should be according to one's risk appetite
Once the BO of the flag is done, one can roll up PEs and wait for a day or two before selling CEs.
Strike selection should be according to one's risk appetite
Once the BO of the flag is done, one can roll up PEs and wait for a day or two before selling CEs.
Hope this outlook helps ❤️
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• If you are new to my Timeline then you can check out my previous BNF weekly outlook with & see how they played out 🤠
• Retweet the first tweet and help others find this thread 🧑🤝🧑🧑🤝🧑
• I also write threads on trading which is📌 on my profile
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