Nifty Bank IndexLong
Banknifty: falling knife got a support
#banknifty
As the graph says Bank Nifty is falling like a knife and today Bank Nifty showed almost 3000 points of intraday movement also today it hit a previous trend line which is there after covid rally.
there is the possibility that Banknifty can take support here.
After almost 5000 points fall or 7% correct from the top. bank nifty can take support at this level.
As the graph says Bank Nifty is falling like a knife and today Bank Nifty showed almost 3000 points of intraday movement also today it hit a previous trend line which is there after covid rally.
there is the possibility that Banknifty can take support here.
After almost 5000 points fall or 7% correct from the top. bank nifty can take support at this level.
Note
Banknifty is trading as expected if it closes above 52600 for 2 days or the weekly candle closes above 52600.
we will see a new high very soon after that in 20 trading days.
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