Bank Nifty in coming days
BNF in coming days using Volume Profile:
Sustaining / close above 23700 (POC 23692.2) leads to upside targets of 24000 and sustaining above 24000 leads to 24200, 24500. But resistance is ~23600 - 23900.
Closing below POC 23600 leads to downside target of 23200 and breaching below leads to 23000, 22900. Support is ~23100-23000.
Price is struck between Weekly and Monthly VWAP. Price above monthly VWAP is positive and when it breaks down and sustains below leads to lower targets.
If price does not break out/down then we may see choppy market around Monthly VWAP.
Sustaining / close above 23700 (POC 23692.2) leads to upside targets of 24000 and sustaining above 24000 leads to 24200, 24500. But resistance is ~23600 - 23900.
Closing below POC 23600 leads to downside target of 23200 and breaching below leads to 23000, 22900. Support is ~23100-23000.
Price is struck between Weekly and Monthly VWAP. Price above monthly VWAP is positive and when it breaks down and sustains below leads to lower targets.
If price does not break out/down then we may see choppy market around Monthly VWAP.
Kommentera:
Upside target of 24000 achieved. Lets see how it moves further
Kommentera:
Upside target of 24200 achieved :)
Kommentera:
Facing resistance ~24200.
Trade stängt: målet nått:
Facing resistance ~24200. Target reached and Closed :)
@aravindleo_99
