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Trade-Technique

Identifying the trend and turning point of BANKNIFTY.

Nifty Bank Index (NSE:BANKNIFTY)  
Trade-Technique  
NSE:BANKNIFTY   Nifty Bank Index
Support and Resistance Supply and Demand Pivot Points BANKNIFTY NIFTY india nse bankniftytrend
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supportandresistance supplyanddemand pivotpoints banknifty nifty india nse bankniftytrend
Identifying the trend and a turning point of BANKNIFTY from the record of 2012 to 2020.

  • 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.

Related Ideas

Trade-Technique
Banknifty still following our long term researched chart.
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