1. Trend Identification:
15M - Bearish
1H - Bearish
4H - Bullish
D - Bullish
2. Support & Resistance:
Support - 54176 ( 1H & 4H ), 51894
Resistance - 55957
3. Implication :
Bank Nifty is Bearish on 15m and 1h but bullish on 4h and d timeframe. So 54176 is a key
level. Because 4h is bullish market may bounce from 54176.
If 54176 breaks then Target will be 51894.
Also watch for the level 55957, if market opens gap up or go up in the morning then market
can reverse from this level. If price close above this level, then maybe we see bulls in
action.
15M - Bearish
1H - Bearish
4H - Bullish
D - Bullish
2. Support & Resistance:
Support - 54176 ( 1H & 4H ), 51894
Resistance - 55957
3. Implication :
Bank Nifty is Bearish on 15m and 1h but bullish on 4h and d timeframe. So 54176 is a key
level. Because 4h is bullish market may bounce from 54176.
If 54176 breaks then Target will be 51894.
Also watch for the level 55957, if market opens gap up or go up in the morning then market
can reverse from this level. If price close above this level, then maybe we see bulls in
action.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.