Ravi_VP

BANKNIFTY: At important support. Bias downside

Ravi_VP Updated   
NSE:BANKNIFTY   NIFTY BANK
The support area extends up to 30200. If the price breaks this level in the next two days the next support will be around 28500. There is a divergence between price and RSI .
On daily time frame there is a break out of head and shoulder. The target for HnS and the up sloping trend line coincides around 28500.
Comment: Since support area respected downside view negated.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.