BANKNIFTY Levels for 26-02-2025
Resistance Levels (Red Lines)
Strong Resistance: 49,731.80
Resistance-2: 49,233.75
Resistance-1: 49,005.95
BreakOut Level: 48,784.05
The price is currently below all resistance levels, meaning upside movement might face selling pressure at these levels.
Support Levels (Green Lines)
BreakDown Level: 48,377.65
Support-1: 48,051.35
Support-2: 47,710.00
Strong Support: 47,497.15
The BreakDown Level (48,377.65) is crucial. If the price breaks below this level, it may head toward Support-1 (48,051.35) and further down to 47,710.00.
Pattern Analysis:
The Roof Pattern shows a sloping downtrend after reaching a peak.
The BreakOut Level (48,784.05) is the key level. A breakout above this level could lead to a retest of 49,005.95. If the price breaks above 48,784.05, it could test 49,005.95 and possibly 49,233.75.
The Base Line of the pattern suggests possible downside continuation if support levels break.
If the price breaks below 48,377.65, expect further downside toward 48,051.35 and 47,710.00.
Strong Resistance: 49,731.80
Resistance-2: 49,233.75
Resistance-1: 49,005.95
BreakOut Level: 48,784.05
The price is currently below all resistance levels, meaning upside movement might face selling pressure at these levels.
Support Levels (Green Lines)
BreakDown Level: 48,377.65
Support-1: 48,051.35
Support-2: 47,710.00
Strong Support: 47,497.15
The BreakDown Level (48,377.65) is crucial. If the price breaks below this level, it may head toward Support-1 (48,051.35) and further down to 47,710.00.
Pattern Analysis:
The Roof Pattern shows a sloping downtrend after reaching a peak.
The BreakOut Level (48,784.05) is the key level. A breakout above this level could lead to a retest of 49,005.95. If the price breaks above 48,784.05, it could test 49,005.95 and possibly 49,233.75.
The Base Line of the pattern suggests possible downside continuation if support levels break.
If the price breaks below 48,377.65, expect further downside toward 48,051.35 and 47,710.00.
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.
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.