As we can see BANKNIFTY again showed strong rejection from our demand zone and showed strong upmove from that very demand zone. Also we can see BANKNIFTY forming more like double bottom pattern and the neckline being 40800 hence we can see BANKNIFTY showing uptrend hence any gap down around demand zone we can again see huge uptrend around it hence unless 39500 is broken below every dip is a buying opportunity
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.