Nifty Bank IndexUpdated BANKNIFTY Analysis for August 2019
CPR is wide -> Expect a sideways market ranging between H2 and S1.
CPR and H3 are forming a strong resistance. If broken, expect bullish movement.
S1 is a strong support. If not broken, expect a bounce back. If broken, expect more downwards movement.
Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
CPR and H3 are forming a strong resistance. If broken, expect bullish movement.
S1 is a strong support. If not broken, expect a bounce back. If broken, expect more downwards movement.
Disclaimer: The indicators, strategies, columns, articles and all other features discussed here are for educational purposes only and should not be construed as investment and/or trading advice/tips.
Note
S1 not breached in two weeks.
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.
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.