UrbanPro
true

Learn Stock Market Trading from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Search in

BankNifty Weekly Analysis - For Week Starting Jun-29, 2020

N
Ninad Deshmukh
30/06/2020 0 0

Banknifty formed Doji candle on Weekly chart after making a top @ 22479 on Jun-24. Forming Doji candles near resistance creates a possibility of a trend reversal. Resistance is coming from the zone of moving averages (30EMA-21800 and 20-SMA-21126) and upper channel line.

 
Also, 13-weeks completed from the low of Mar, indicating the possibility of a trend change. Or it may consolidate between 21800-21000, before any directional move. We need to watch whether top made on Jun-24 remains protected.

Gann Box:

Weekly Gann Box shows we are near 1/4th time zone (Last week was @ 1/4th point), suggesting the possibility of a trend change. Low of Mar was exactly @ 1/8th point.
 

VIX:

The weekly chart shows RSI@ support. So likely upmove in VIX. In that case, we may see a fall in Banknifty.
 

Trade Plan: Swing Trade

Above 21800 targets are 22500/22800/23300/23700
 
Below 21100 targets are 20400/19700
0 Dislike
Follow 2

Please Enter a comment

Submit

Other Lessons for You

What is a perfect EXIT STRATEGY?
Exit strategy is equally important for intra-day and positional trades; however in case of intra-day trading exit strategy plays crucial role as the time allocated for our trade to perform is limited...

Making a living from market
There been a day when Rs.25 Rs turned into Rs.35,240/- There been a day when RS.705,010 turned into 0/- There been a day $380 turned into $0.30/- There been a day $140 turned into $1,760/- However...

Delivery calls for 1-3 months Trading Style
Everybody is facing trouble that: 1. When I buy stock falling down. 2. When I sell stock moving up. So, friends don't worry we have solution for that. Today I will tell you how you can buy on fall as...

Explain Fundamental analysis and Technical analysis.
Explain Fundamental analysis and Technical analysis. Security analysis includes two types of analysis namely, fundamental analysis and technical analysis.Fundamental analysis takes into account three...

View about Sherkhan Brokerage form
Sharekhan is an online website portal for online trading, investments and stock marketing.The company was founded in February 2000 by entrepreneur Shripal.It is largest stock broker portal and has its...
X

Looking for Stock Market Trading Classes?

The best tutors for Stock Market Trading Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Trading with the Best Tutors

The best Tutors for Stock Market Trading Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more