Bank Nifty 7th Jan Analysis
Updated
Bank Nifty is an ascending triangle formation. its weak right now below the trendline. but taking support there. 48636 is resistance and 47481 is support. it needs to break either for bull/bear confirmation. currently weak structure.
The view and analysis is my personal opinion as a study. Im not a resistered SEBI advisor. hence please treat with caution and do your personal analysis. Any comments are welcome.
The view and analysis is my personal opinion as a study. Im not a resistered SEBI advisor. hence please treat with caution and do your personal analysis. Any comments are welcome.
Trade closed manually
The move is complete. Its now accumulation/distribution phase based on further break above 46900 or below 44500.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.