banknifty analysis

#banknifty is most likely to travel further on the upside but be cautious as the green move has been going on for 7 days straight the momentum of up move is very strong but wait for the retracement before entering.The ATR is at the lower end of the range which means its gonna bounce up anytime soon which indicates huge move in a particular direction so trade cautiously.A retracement and ranging move is most likely
happy trading:}

评论:

As said earlier that you should always wait for a retracement after a move has been carried on for a couple of days before jumping in on the action. now the week ahead will mostly be depended on the global cues and bank nifty may find good support around 21250 level as shown in the published idea. so trade cautiously and positive global cues will be a good indicator to go long on the index