POST MARKET ANALYSIS (23 OCT 2023)
Please Check Pre Market Analysis Post To Get Better Understanding
Banknifty Opened Below (Immediate Resistance Zone)
After Sustaining Below It, Banknifty Broke (Immediate Support Zone)
And Taking Resistance From Red Dotted Trendline It Also Made Descending Triange Pattern
And That Was Entry Level For Banknifty Buyers
Later It Consolidates Between (Major Support) And (Immediate Support Zone)
(Immediate Support Zone After Break Down) Was Target 1 And 43113 Was Target 2.
Try To Uderstand Market With Analysis And Execute Likewise.
Price Action Always Works.
This Analysis Is Only For Learning Purpose.
Do Follow It With Caution And With Proper Risk Management.
Support Us If Our Posts Are Helpful.
Thank You!
Banknifty Opened Below (Immediate Resistance Zone)
After Sustaining Below It, Banknifty Broke (Immediate Support Zone)
And Taking Resistance From Red Dotted Trendline It Also Made Descending Triange Pattern
And That Was Entry Level For Banknifty Buyers
Later It Consolidates Between (Major Support) And (Immediate Support Zone)
(Immediate Support Zone After Break Down) Was Target 1 And 43113 Was Target 2.
Try To Uderstand Market With Analysis And Execute Likewise.
Price Action Always Works.
This Analysis Is Only For Learning Purpose.
Do Follow It With Caution And With Proper Risk Management.
Support Us If Our Posts Are Helpful.
Thank You!
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