Banknifty on daily time frame has formed en evening star pattern.
The market has taken a halt after a nice movement.
On an hourly time frame analysis, market has closed below its 20 ema and has closed near its day low.
The market on a smaller time frame looks bearish.
Support :- 36285, 36075
Resistance :- 36475, 36900
Wait for the price action near the price level before entering the markets
The market has taken a halt after a nice movement.
On an hourly time frame analysis, market has closed below its 20 ema and has closed near its day low.
The market on a smaller time frame looks bearish.
Support :- 36285, 36075
Resistance :- 36475, 36900
Wait for the price action near the price level before entering the markets
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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.
Related publications
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.