rakeshreddym

BankNifty Bullish Monday.

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NSE:BANKNIFTY   Nifty Bank Index
BankNifty making pole & flag pattern while going upside same expecting this week if it has to continue with bullish sentiment.any dip to 42000 area and 41800 area is buying area, only below 41800 price sustains then we can plan for shorting.

42200 above no proper resistance is there next 300 points would easy move to upside till 42500 42600 area.

Levels to watch for entries to upside 42200,42000, 41800
levels to watch for entries to downsdie 41800 below (reversals on higher levels higher than previous day high).
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FiB levels also matching my support and resistance levels with friday daily candle measuring day high to low .
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thusrday daily candle
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levels to watch for entries to downsdie 41800 below (reversals on higher levels higher than previous day high).

reversed as mentioned in idea above
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Updating Pole and flag pattern as mentioned in idea above.(BankNifty making pole & flag pattern while going upside same expecting this week if it has to continue with bullish sentiment.any dip to 42000 area and 41800 area is buying area, only below 41800 price sustains then we can plan for shorting.)
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