There Is Not More About BANKNIFTY Expected Channel Support

Everything is mentioned in the chart

On Jul 18 2019 mentioned that Resistance(30840 nearby) available.

There is still more in small 4 channels of trend is up while 5th Channel is a flat trend.

On the date Jul 14 2019 BankNifty at support of channel

  • Banknifty also difficult to understand as wave movements.
  • Price is near the channel support.
  • Smaller positive new can boost banknifty to upward from the value low.

Banknifty is positive which indicate the direction is not clear and market waiting for news.

We have also gone to smaller time frame to get more confident for the way.

We detected 5 channels in recent created.
After breaking the channel, we have seen a minimum 1000 points move.

We are standing at the ending of the channel, ready for minimum 1000 points move.

Considering this, you will find two Flag Patterns which are indicated by a black line with an arrow. If you observe closely flag-pattern (i), and then you can clearly see a picture of the future if not wrong anything.

What we have mentioned in the past has verbatim followed, you can check out above charts also for clear perceptive.

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Update: Do you think MCX Gold Aug will move upside?

free gold tips chartAt 4:30, what I said about Gold? Click here and read now.

I had written, “With The Flow: 34860 – 34700“.

The gold first target has come.

Do you think it will touch the second target?

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NSE Nifty With Stocks Analysis For Trades

We have very accurate researches and enjoyed it, for traders.

Chart Projection might be required to correct. Something is cooking which cannot see by normal trader’s eye. After the big move, the price will its own normal channel. The market is not going to close permanently, therefore don’t get hurry with greed or get fear.

  • Gap up.
  • Price Rejection.

Fundamental points to be considered for traders:

  • Media believe, GDP kept in the interim Budget.
  • Union Budget.Smart Money, Foreign Institutional Investor (FIIs), Huge Fund managers, etc where are you they want to move?

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