AbhishekHSinghCMT

BankNifty- Simple Support Area 19730-19750 Working

NSE:BANKNIFTY   NIFTY BANK
179 0 3
BA has bounced atleast twice going into the zone 19730-19750 which has become resting zone- since when we identified that zone -it worked like a magic zone

Either that zone of 19730-19750 to be taken as good buying zone or going above 20015 -which is the rejection level for BA can be taken as another important mark -if it crosses -one can look for 20200-20250 zone but the risk -reward is not that great as stops are below 19795.

Going Below Area of 19700-19730 shall be in the grips of bear & one can look for next support zone 19500-19550 as target zone.

Bank Nifty- 3rd Waves with gaps & looking for support@19500
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
India
United States
United Kingdom
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out