Identifying the trend and turning point of BANKNIFTY.
Identifying the trend and a turning point of BANKNIFTY from the record of 2012 to 2020.
Personally, I don't advise taking a short position on banknifty and neither long position on it for the long term.
Yes, short term trader takes a long position with stop loss until target 33300.
- Resistance and Target 33318 from where U-Turn is possible to easy.
- The current price is far from the control price.
- Resistance 33318 - CMP 32400 = 918 points
- The current trend is up and resistance is far from here is 918 points.
Personally, I don't advise taking a short position on banknifty and neither long position on it for the long term.
Yes, short term trader takes a long position with stop loss until target 33300.
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.