BankNifty Analysis
Monthly Outlook: Neutral
Weekly Outlook: Bearish Engulfing Candle
MT Outlook: Short Buildup
Daily Time frame: Last swing broken if you observe line chart carefully
9DayEMA,20DayEMA broken
S1PIVOT also broken
Resistance Zone: 39496-39916
Upside Targets: 40470-40559, 41098-41307
Support Zone: 39115-38757
Downside Targets:38420,38020,37591
Weekly Outlook: Bearish Engulfing Candle
MT Outlook: Short Buildup
Daily Time frame: Last swing broken if you observe line chart carefully
9DayEMA,20DayEMA broken
S1PIVOT also broken
Resistance Zone: 39496-39916
Upside Targets: 40470-40559, 41098-41307
Support Zone: 39115-38757
Downside Targets:38420,38020,37591
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