bank nifty 9 jun eod

Jun 9, 2020

The following are the study points

Jun 9, 2020

Note

1.Point marked 1 is the potential breakout.
2.even though price saw rejection marked at point 1 still above 5dma,50 dma,triangle upperside and above horizontal S/R so bias still long marked at point 2.
3.point 3 is the strong ressistance so no long untill this level clears 21600.this is the confluence of anchor prices.
4.point no 4 is the RSI which is at 60 if stays above 60 it is still long bias.