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Nifty Bank Index

BACK in the zone! Ready to REVERSE!!

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As we can see BANKNIFTY has reached our important demand zone and trendline support which has been respected for quite some while in bigger time frame. Also everyone seems to be bearish but we must expect the unexpected. Even if BANKNIFTY opens weak, we may expect sharp RECOVERY anytime trapping all unless it breaks below the trendline which will eventually change the trend so plan your trades accordingly.
Wealthcam
Also on:
Multiple Time Frame AnalysisSupply and DemandTrend Lines

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.
Multiple Time Frame AnalysisSupply and DemandTrend Lines
Wealthcam
Also on:

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.