BankNIfty has been consolidating between 25680 and 25760 for almost 6 hours failing to break either way. Notice bearish divergence in MACD . However, technically 25680 is considerably a strong support in favour of the index. Supports comes through rising trendline and at 25180. 38% Fib retracement coincides around the same area. Though long term bull trend is still intact don't add longs aggressively. Rather add gradually as index gives discounts. And do note bullish triangle holding true with target coming at 26340. So once the index start moving up we could see it hitting 26340 with a temporary reaction to resistance en route @ 26000.
Comment: On the verge of taking out 26000. If breached I could see a sharp move upwards to around 26340
EN English (IN)
EN English
EN English (UK)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out