BANKNIFTY INDEX ANALYSIS FOR 04 JAN 22

Jan 4, 2022

Hi everyone, Banknifty index analysis & view for this week recently banknifty index has given breakout of it`s important resistance level 35,500 & now it`s trading on 36,500 which is harmonic prz area (level 0.786). Price may correct from here if sustain above 36,500 can go upto 37,600 (level identified from xabcd pattern level 1.131) in 1hour chart banknifty index looks bullish index has changed it`s downtrend & new uptrend has started. BANKNIFTY