This stock looks atractive but be careful,pay attention to its support.
Without indicator only using tools having in trading view how fantasticaiiy you can find supports and resistance here is best example.
What is happening here can be seen and understsnd easily.after break out it will be more bullish.
All the levels are difined here for bank nifty maximum possible levels for today arte in yellow color. this information is just for to aknowledge you all not a buy/sell recomdation.
Banknifty taken support at gann fan cross .It dropped from its 2/1 angle and trying to take support at 4/1.
Have a look how clear support exhibit this stock and it is closed above pervious high so there is posibility to go high but should be cautious here .And keep in mind the formation.
This stock is in consolidation causes of sandwiched between support and resistances trend is obviousely bullish and can break resistance.
There is clear visible that pattern formation is following wave analysiss as you can see 2 and fourth wave now look at 1 and third wave as well it shows next will be fifth and greater than first and third.now another concept is last week it is taken support at its gann fan cross(red line) which is .5 retracement level of fib.