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

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.

To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

Previous ArticleNext Article
Mr.Guru(s) is a team of stock market certified technical and research analysts with over 20 years of experience. They are regular guests on popular online channels and contribute articles to several financial publications. Their insights and advice are respected by investors worldwide. With their collective knowledge and expertise, they have a proven track record of successfully predicting market movements and identifying profitable opportunities.

Join Today (Free): Stock & Nifty Tips

Write a Comment

Comment Policy: We love comments and appreciate the time that readers spend to share ideas and give feedback. However, all comments are manually moderated and those deemed to be spam or solely promotional will be deleted. Your email address will not be published. Required fields are marked *