FTU CHART
BNF 18 Apr Prognosis.jpg
Tuesday's trading session for BNF started with a significant gap down, with continuation downward finding support at 47300. We then saw a rebound and B period extended the IB up, forming the day's high for almost the entire day. Subsequently, BNF traded within a relatively narrow range, except for a late-session surge that propelled it nearly 250 points higher, clearing the IB and closing near the day's high. The formation of a Prominent Point of Control (PPOC) around the 47450 level suggests price stability in that region.
Since the upmove started on the 22nd March, 9 out of 15 trading days has seen development of PPOC whether during upward or downward movements, During most these days, This pattern often involves an initial gap (up or down) followed by early movement and subsequent rotational trading with in the IB, leading to the formation of PPOCs.
Looking ahead to tomorrow's trading, if BNF opens and sustains above the PPOC at 47450, it may encounter liquidity at the 200-point gap zone extending up to 47720 levels. Breaking through this gap could pave the way for a move towards the psychologically significant level of 48000. On the downside, if BNF opens and sustains below 47450, potential support levels to watch include 47300, 47130, and 46800.
Considering the decline in crude oil and gold prices, as well as mild negativity in US markets, it will be intriguing to observe how these factors influence BNF's opening after the holiday. Market reactions to such information could significantly impact trading dynamics.
Since the upmove started on the 22nd March, 9 out of 15 trading days has seen development of PPOC whether during upward or downward movements, During most these days, This pattern often involves an initial gap (up or down) followed by early movement and subsequent rotational trading with in the IB, leading to the formation of PPOCs.
Looking ahead to tomorrow's trading, if BNF opens and sustains above the PPOC at 47450, it may encounter liquidity at the 200-point gap zone extending up to 47720 levels. Breaking through this gap could pave the way for a move towards the psychologically significant level of 48000. On the downside, if BNF opens and sustains below 47450, potential support levels to watch include 47300, 47130, and 46800.
Considering the decline in crude oil and gold prices, as well as mild negativity in US markets, it will be intriguing to observe how these factors influence BNF's opening after the holiday. Market reactions to such information could significantly impact trading dynamics.
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These smart players just opened everything up
Didn't give a chance for retailer's to enter
Shyaa
Didn't give a chance for retailer's to enter
Shyaa
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FTU CHART
Wabag Intra/swing Will try to reach for marked levels🤞
Update
Wabag
One candle and bang on both targets😇
Wabag
One candle and bang on both targets😇
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FTU CHART
Hudco Intra Only above orange🤞
Update
Hudco
Momentum Couldn't sustain
Exit ctc Or with minimal loss👍
Hudco
Momentum Couldn't sustain
Exit ctc Or with minimal loss👍
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