The current chart situation as per me appears to be sitting at the verge of a nice move, either upward or downward.
The point where are are today, is the very close to the Q2'22 high and a breakdown from here can take us to the Q2'22 low. Though it would be unlikely to get to that level, rather somewhere in the midrange we will find support.
Incase this breaks out, then we are up for a good rally!
The point where are are today, is the very close to the Q2'22 high and a breakdown from here can take us to the Q2'22 low. Though it would be unlikely to get to that level, rather somewhere in the midrange we will find support.
Incase this breaks out, then we are up for a good rally!
Comment:
The chart has been respecting the Q3'22 high.
It is likely that this will retest the TP.
It is likely that this will retest the TP.
BUT
Tomorrow's opening will be critical, because this can lead to a rejection confirmation and the BANKNIFTY might fall. Otherwise we continue to our ATH