Nifty Bank IndexUpdated BANKNIFTY Analysis
Key Resistance level is observed at 40100-40200
if price broken this level we are also in buyside but a retracement is needed to go further upside for targets of 40330 and 40500,40650.
Buy only when retracement is done to these levels 39900 or 39700.
Sell Plan: Until price breaks 39700 strongly no plan of selling. will be on buy side for Next key Resistance level of 40500.
if price broken this level we are also in buyside but a retracement is needed to go further upside for targets of 40330 and 40500,40650.
Buy only when retracement is done to these levels 39900 or 39700.
Sell Plan: Until price breaks 39700 strongly no plan of selling. will be on buy side for Next key Resistance level of 40500.
Note
price opened above Resistance ...wait for the reversal at @40330 level to give some retracement towards 40100,39900 and 39700.Note
If price breaks 40500 enter long trade for 40650 level.. after break again retraced enter at 40400 levelNote
If price breaks again 40360 go sort for targets of 40260,40200,40080
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.