IMPORTANT POINTS FOR TRADING
- In Daily chart another Flag Pattern is developing. One can see in above chart the correlation between MACD crossing and flag formation and breakouts. Blue circle on MACD and Flag pattern shows the starting of formation of flag and whereas red circle shows the consolidation within the flag channel.
- In Weekly chart banknifty has made two inverse head and shoulder pattern of which target is 12500 and in long term it targets 14500. For detail analysis one can read a post link given below: http://justbanknifty.blogspot.in/2012/12/banknifty-monthly-and-weekly-analysis.html
- On downside banknifty is having a good support around 12000 zone.
- On upside immediate resistance will be around 12485-12500.
- On right side of blog, Daily and weekly Agni/JBNSAR levels are mentioned they act as important support/ resistance levels..
Comments
Post a Comment