Bank Nifty is in crucial support zone . The lines in red 18050 to 18200 indicates the importance of the zone. Blue dotted lines shows long term support zone . Bank Nifty should move above all these lines to show it is back for the game. Many traders will have a doubt, this chart shows Head & Shoulders pattern, but still it didnt fall down. Its because price action is above the longhttps://in.tradingview.com/chart/QtD56IkU/ term support zone (blue dotted lines).
Free telegram channel : https://t.me/Analysis4Newbie
Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/
Detailed daily index analysis in https://in.tradingview.com/u/vanathi/
Script analysis from Jan 1, 2023 in https://in.tradingview.com/u/vanathi/