Banknifty next big move ?

Jan 20, 2023

On hourly timeframe bank nifty took resistance near 42700 level. Bank nifty try to break level of 42700 more than 5 times so its prove to be a good resistance. So we can sell from below 42500 level till target of 42000. But for this a hour candle has to close below 42500, if closes we can sell. If bank nifty not able to close below 42500 then we can expect a possible upside breakout after 42700 brake with volume on hourly charts. There is a high possibility of upside move because BN try to consolidate near resistance. So trade safely with stoploss. see you for next idea.BANKNIFTY

Jan 23, 2023

Note

finally bank nifty break 42700 level and now it retest same level for further upmove.