Banknifty on Multi TF, Bullish
Updated
#BANKNIFTY
Looks filled with too much power on daily and 2H time frames to achieve All time high levels.
It has formed very nice candle on weekly time frame too.
If it opens gap down on next trading session, it should take support @3436-34080 which was a breakout level on 2Hr TF.
Overall it looks to trade in long position rather than a short position.
Incase of big gap up or gap down, should wait for making position.
***ALWAYS DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
Looks filled with too much power on daily and 2H time frames to achieve All time high levels.
It has formed very nice candle on weekly time frame too.
If it opens gap down on next trading session, it should take support @3436-34080 which was a breakout level on 2Hr TF.
Overall it looks to trade in long position rather than a short position.
Incase of big gap up or gap down, should wait for making position.
***ALWAYS DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE***
Note
BANKNFITY looks stronger than NIFTY as it is still 6-9% Away from ATH, whereas NIFTY Is 1-2% from ATH.
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