Banknifty is right at the resistance around all-time high range. A daily close above 32150-32170 range would mean that the bias shifts towards the bullish side. With that momentum, it can fly around 32350-32450 range in the short term.
Support and Resistance levels are identified with green and red respectively. Also, the pitchfork is drawn to see the trend.
A daily close below, all-time high range without much volume indicates weakness in the trend and bias shifts more on the bearish side.
Support and Resistance levels are identified with green and red respectively. Also, the pitchfork is drawn to see the trend.
A daily close below, all-time high range without much volume indicates weakness in the trend and bias shifts more on the bearish side.
Trade active
Daily Candle closed above Resistance today. Bears tried pushing the price down. but a daily hammer candle closed above the resistance level is a bullish sign. Also, Daily MACD is about to cross with momentum suggesting on the positive side.
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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.