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Oct 19, 2022 4:01 PM

BNF Weakening Momentum 

Nifty Bank IndexNSE

Description

BNF has filled weekly virgin money zone.

forming a consolidation from 2 days and there was a strong rejection from virgin money zone

we have an unfilled daily virgin cpr in the bottom

currently price is trading above weekly R2, has reached target of weekly H5 and we can expect a fill of virgin cpr provided the PDL is broken strongly. else, expect a trend resumption or a choppy sideways.
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