The trendlines represented in the charts depict the following
a. RED LINE: LONG TERM SUPPORT
b. GREEN LINE: MEDIUM TERM SUPPORT
c. BLUE LINE: SHORT TERM SUPPORT
If BANK NIFTY is able to break 24353 then we can go for the target of 24304 which means a gain of 50 points (TAKES SUPPORT AT BLUE LINE)
And further if BANK NIFTY is remaining in the down trend and breaks 24304 then we can go for the target of 24240 which means a gain of 64 points (TAKES SUPPORT AT WHITE HORIZONTAL LINE)
Still if the down trend continues and it is able to substantially break 24240 then we can go for the target of 24087 which means a gain of 153 points( TAKES SUPPORT AT YELLOW HORIZONTAL LINE)
So, in totality we are aiming for a gain of 266 points.
Stay Connected,
Earn Huge Profits, Take Small Losses
MORE IDEAS LINKED BELOW
a. RED LINE: LONG TERM SUPPORT
b. GREEN LINE: MEDIUM TERM SUPPORT
c. BLUE LINE: SHORT TERM SUPPORT
If BANK NIFTY is able to break 24353 then we can go for the target of 24304 which means a gain of 50 points (TAKES SUPPORT AT BLUE LINE)
And further if BANK NIFTY is remaining in the down trend and breaks 24304 then we can go for the target of 24240 which means a gain of 64 points (TAKES SUPPORT AT WHITE HORIZONTAL LINE)
Still if the down trend continues and it is able to substantially break 24240 then we can go for the target of 24087 which means a gain of 153 points( TAKES SUPPORT AT YELLOW HORIZONTAL LINE)
So, in totality we are aiming for a gain of 266 points.
Stay Connected,
Earn Huge Profits, Take Small Losses
MORE IDEAS LINKED BELOW
