BANKNIFTY The benchmark index is looking weak and currently trading in downtrend on the basis of price action and on moving average basis so I tried to find out some key levels of supports on both parameters below
PRICE ACTION SUPPORTS-:
Support 1- 41856
Support 2- 40855
Support 3- 39690
MOVING AVERAGES SUPPORTS-:
EMA 20- 43068 Status Breached
EMA 50- 42153 Status Active
EMA 100-40723 Status Active
EMA 200- 39040 Status Active
MOVING AVERAGES SUPPORTS
PRICE ACTION SUPPORTS-:
Support 1- 41856
Support 2- 40855
Support 3- 39690
MOVING AVERAGES SUPPORTS-:
EMA 20- 43068 Status Breached
EMA 50- 42153 Status Active
EMA 100-40723 Status Active
EMA 200- 39040 Status Active
MOVING AVERAGES SUPPORTS
Note
PRICE ACTION SUPPORT 1 TESTED
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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.