Bank Nifty inside Crucial Price action zone
BankNifty is mostly concentrated in a parallel channel.
A few breakouts/Breakdowns has been rejected multiple times.
A major uptrend in BN immediately rejected by massive downtrend and pushed in the zone again.
Price levels are again on top of the channel.
If Breakout of the zone failed, Go short. And if Breakout succeeds then go long till 23400-500.
A few breakouts/Breakdowns has been rejected multiple times.
A major uptrend in BN immediately rejected by massive downtrend and pushed in the zone again.
Price levels are again on top of the channel.
If Breakout of the zone failed, Go short. And if Breakout succeeds then go long till 23400-500.
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Disclaimer
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.