Long Bank Nifty
-> Bank Nifty was in a sideways zone since a lot of time
-> it broke out of the sideways and is probably going to resume uptrend
-> Bank nifty has retraced to 0.618 fibo levels
-> it is taking support at 200 EMA
-> Previous Resistance looks like turning into support now
* Possible Long entry , if it breaks downward trend line
Note : This is just my personal view on bank nifty , take trade on your own risk
-> it broke out of the sideways and is probably going to resume uptrend
-> Bank nifty has retraced to 0.618 fibo levels
-> it is taking support at 200 EMA
-> Previous Resistance looks like turning into support now
* Possible Long entry , if it breaks downward trend line
Note : This is just my personal view on bank nifty , take trade on your own risk
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.