bijoy2526

BANK NIFTY bounced from support 1

NSE:BANKNIFTY   NIFTY BANK
that happens to be the median line too.
could not go past the 1 st support area
I had mentioned support 21069 tday's low was 21029.
only breaking below the median line may take it to S3
candle stick pattern seems to be that of hammer which represents reversal after some days of decline.
how ever it should be followed by a bullish candle next day

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.