The Bank nifty yesterday got strong support on 22290. The doji formation shows that there cand be a trend reversal.The doji is also formed and stock has also got a support. Upside targets are 22850 for today. But if the stock doesn't change its trend then it will continue its downtrend and and downside targets will be 22000
The stock yesterday got a recovery. But this doesn't mean that the stock has reversed its trend if the stock sustains above the important level 520 the the stock will be in positive trend , below the level of 430 the stock will be in negative trend . So , have patience , watch the important levels and make money , Any queries or suggestions - Comment or join the...
The share is positive and long term.
The stock is currently trading at a very low price. With the help of some normal indicators and trend lines, it can be found that stock will be positive in this and next week too. Stockist RSI indicator indicating a rise in stock.If Strong Bullish Heikin Ashi Candle on the support as shown on the chart then trend reversal is definitely possible.
LONG : Stop loss : 3025 , Target : Till it touches green lines.