kalanisameer

Bank Nifty Analysis for Monday ( Multi time frame Analysis)

NSE:BANKNIFTY   Nifty Bank Index
Bank Nifty is trading below Monthly and Weekly CPR , We have to look in Hourly timeframe if candles are getting resistance from 20 and 50 Sma and weekly cpr , that we can easily find from 5 min chart candles if candles are taking resistance from 200 sma and R1 in 5 min timeframe we can say that hourly Sma are proving resistance and we can expect prices to go down , but if candles able to sustain above 5 min R1 and 200 Sma then it means hourly Sma are proving support and we can expect prices to go up
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.