after a very volatile sessions due to budget, we find out some important levels which had multiple touch points and had been tested multiple times! But in bigger time frame we can see more like a rising wedge pattern which shows bearishness in long term! But for confirmation we have to wait for BANKNIFTY to sustain below 38000 which would also break the trendline below
For upside more potential can be seen as 38800 has been tested multiple times making it a weak resistance, for upmove confirmation we can wait for BANKNIFTY to sustain Above 38800 before going long which would also break the trendline above
For upside more potential can be seen as 38800 has been tested multiple times making it a weak resistance, for upmove confirmation we can wait for BANKNIFTY to sustain Above 38800 before going long which would also break the trendline above