It looks like the bank nifty is forming a head and shoulders patern. if it breaks the support level (47200 to 47300 range) downside, it may go to the next possible support (46300 to 46500 range) marked in the chart.
if it crosses the level 48200 upside, we may go for a bullish trade after forming a price action.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
if it crosses the level 48200 upside, we may go for a bullish trade after forming a price action.
Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.