MoneyMunch.com

Posted: 12 Jun 2022 04:59 AM PDT

BankNifty has completed sub-wave B of wave (Y) and started impulsive sub-wave C. Price has already broken down descending channel at 35250.

Currently, the price is forming a crucial range of 34337 – 33820 for swing traders. Sellers can initiate a short position if the price sustains below 33820 for the following targets: 33406 – 33030 – 32556.

34337 is a support level and pivot point, which holds vast demand pressure. Breakdown of the upper band suggests intense demand is exceeding supply pressure.
If the price reverses from 34337, traders can buy for the following targets: 35463 – 35753 – 36000+.

Only Premium subscribers can get a perfect trade setup at the exact time on our mobile application.

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The post Is BankNifty Preparing For 31000? appeared first on Moneymunch.

EURUSD Is Preparing For Skyrocket

Posted: 12 Jun 2022 03:30 AM PDT

EURUSD has accomplished sub-wave (5) of wave ((C)) at 1.03492 and started marching for an impulsive cycle. Throw-out of wave C indicates if the EURUSD sustains above the parallel channel, the price will skyrocket soon.

EURUSD is forming sub-waves of an impulse, where price has accomplished wave 1 & forming 2nd corrective wave.

Safe buying is only possible above the high of the 1st wave at 1.07890 for the following targets: 0.09507 – 1.12230 – 1.14315.

Only Premium subscribers can get a perfect trade setup at the exact time on our mobile application.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

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The post EURUSD Is Preparing For Skyrocket appeared first on Moneymunch.