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).
Comments
venkaticr
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Thanks for sharing the Bank Nifty
venkaticr
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So now Bank Nifty is near 18300. What should we expect based on the Chart for the next week?
good spot...it looks head & shoulders pattern but der was no confirmation on it...people might have predicted the pattern & would have jumped in to trade..wait for conifrmations,,
@vanathi good analysis