Description
⋅ #banknifty view for 9th Nov'21:-
20 DMA @ 39585 is considered as Laxman Rekha, above positive & below negative.
If the falling wedge is broken and holds upside, we might see an upside of 37,726 / 40.128 / 40,529.
Still, #banknifty is not out of the bush, it has to be above 40,128 to fall back on track.
Regards,
SG