Free Stock market / Nifty intraday tips, FREE Stock, Commodity & Forex tips

Bank Nifty Illustrates That Don’t Buy At Dip Blindly

free nse nifty stock tips chart

Buyers neither faced the falling knife nor paused the bloodbath, and the sellers won the day.

free nse banknifty hourly chart tipsBEFORE
09 Dec 2021 (10 Days Ago)

Price had stuck in the descending channel, and we had a chance to see the maximum move of 37800 due to the supply zone.

I have mentioned (click here to read the previous bank nifty report), “you must note the second resistance of 36871. It is a barrier for buyers. If Bank Nifty remains under of it, then we may see an excess of this channel. And that will collapse the Bank Nifty prices from 36800 to 36300 – 35696 below.”

free nse nifty stock tips chartAFTER
17 Dec 2021 (3 Days Ago)

Price had started an upward move and made a high of 37581.
Bull traders pushed prices near the supply zone where sellers had taken control.

2:35 PM, Bank nifty reached the last target of 35696 and made a low of 35535.

Even if you have traded after the breakout of 36871, you could have 1164 points in just three days.

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Stock market certified investment advisor(s) for Moneymunch. They're a regular guest on popular online channels and writes for several newspapers and financial journals. Who has studied charts for over 20 years, and they have black magic of the share market.

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  1. Great post! Always good to keep in mind that trading is just like any other skill – something that can’t be shortcutted or hacked. It takes system

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