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Shashi34

Bank nifty-breakout above trendline can triggered good rally

Long
Nifty Bank Index (NSE:BANKNIFTY)  
Shashi34  
NSE:BANKNIFTY   Nifty Bank Index
Trend Analysis Support and Resistance Supply and Demand
3
1
trendanalysis supportandresistance supplyanddemand

1]36800 was strong resistance, multiple rejection from this psychological level

2]bounce back (rejection) from psychological level -36800


3]BNF is able to sustained above step (darvas box) -now acting as support after SR flip (which was initially strong resistance)
and Breakaway gap is filled

4]Any breakout above this trendline can triggered good rally Target -
i]37400 ii]37500

NOTE- only for study purpose not any recommendation

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