Blue areas are support zones and red areas are resistance zones
41000-30 followed by 41300 to act as resistance .
if it opens gap up above these levels on Monday it will act as good support as well
These resistance areas are plotted using Fibonacci retracement as BNF is trading at all time high.
Thank you!
Double top structure with bearish rsi divergence. The view will negate if 8000-8010 crossed.
White arrows show that stock is making higher highs but the rsi indicator is making lower highs, hence the rsi divergence.
One more red candle on day time frame (breaking the trend line), one can go short with 8000-8010 as stop-loss or can sell call options above 8000...
