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MasterTrader1949X
Mar 20, 2024 4:07 AM

Banknifty Bearish Fall expected 1 Hour Timeframe Short

Nifty Bank IndexNSE

Description

Banknifty is following a decending channel.
Expiry today banknifty is falling since last 7 to 8 days indicating bearishness.
Resistance marked as red horizontal lines at 46750 & 47190.
Supports makes as green horizontal lines at 46030 - 45585 - 44870.
Only after 47190 crossed upside view will change to Bullish. Else it's heading for more fall.

Banknifty Spot Chart:-
Sell near 46500 or 46600
Stoploss 46750
Target 46030 - 45585 - 44870

This is for educational purpose and papertrading only. Please consult your financial Advisor before investing. We are not SEBI registered.

Happy Trading.
Comments
pankajm7899
45690 Strong support than bounce back upto 51600 Top target
Learn2earn12
nice analysis 👍
MasterTrader1949X
Target 1 of 46030 Hit 🚀
500+ Points move caught
from entry level.
MasterTrader1949X
Low 45830 👍
MasterTrader1949X
Low 46075 👍
MasterTrader1949X
Low 46107 👍
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