Bank Nifty has been forming higher highs on daily timeframe. Alongside, Higher lows are being made and are being defended.
With the current Higher High giving up to form Higher Low... if we can protect 35000-34800 range and form Higher Low, then BNF is headed towards new Higher Highs @ 37000.
However, if we break the Last swing low at 34500, then we are going to fall back to next swing low at 34000.
Please see, all these are probabilities (based on past data) and not any confirmations. So plan your trades accordingly.
With the current Higher High giving up to form Higher Low... if we can protect 35000-34800 range and form Higher Low, then BNF is headed towards new Higher Highs @ 37000.
However, if we break the Last swing low at 34500, then we are going to fall back to next swing low at 34000.
Please see, all these are probabilities (based on past data) and not any confirmations. So plan your trades accordingly.
Comment:
Nice rejection from Lower High - 35000