1 hour trendline in banknifty
We are seeing strong bullish market for past 2 weeks. Now trend is getting rejected on Friday and today. 37000 is a level where it reversed today morning but however it is recovered after 2pm. Overall market open and close are same level.
As you can see the trendline in chart, if resistance at 36800 break out we can see 37000 again.
If trendline is break down then we can see 36500 & 36300.
This is just my observation and for educational purposes only. Please consult with your financial advisor before taking the trade.
As you can see the trendline in chart, if resistance at 36800 break out we can see 37000 again.
If trendline is break down then we can see 36500 & 36300.
This is just my observation and for educational purposes only. Please consult with your financial advisor before taking the trade.
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