Banknifty 1 hour Levels (S/R)

Sep 3

# we mark Support and Resistance on the charts so you can check..

To analyze Bank Nifty (a major stock market index in India) on an hourly basis, you typically look at various technical levels to guide trading decisions. Here’s a basic approach for determining these levels:

Support and Resistance Levels:

Support: This is where the price tends to find buying interest and bounce upward. To find this, look for recent lows or areas where the price has previously stopped falling and reversed.
Resistance: This is where the price tends to find selling pressure and reverse downward. Identify recent highs or areas where the price has stalled and reversed.