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Swapilchoksi

BANK NIFTY: Weekly Demand and Supply Zones

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Swapilchoksi  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Chart Patterns
4
0
trendanalysis chartpattern

Bank Nifty weekly chart is interesting. 20000-20460 was a supply zone but last week cendal managed to close above this supply zone. So now
20000-20460 is now the demand zone on the weekly chart.

If it will manage to hold this level then next resistance @ 21600 and major supply zone @ 23700-23900.

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