Nifty Bank IndexUpdated BANKNIFTY-- If 43400 resist,43000 will acts as Support??
Observations:
------->>After A strong fall price showing bullish movement towards 42400 levels,
-------->>Previous strong resistance @42700 acts as support and showing bullish pressure towards 43000,43400 levels.
------->> If 43400-43350 level acts as Resistance(Previous Demand Zone) price will again fall from this level.
--------->>previously Strong rise happens from @43400-43350 levels, also be careful at this level before long will again see some bearishness in this zone.
note:
Tomorrow mostly price consolidates between these 2 levels.
If 43350-43400 level acts as resistance ,and the zone @43000-43100 previous resistance(If turned to support),then only price is bullish again.
If 43000 level failed to acts as support, price again fall back to below 42700 levels. Careful at these levels.
------->>After A strong fall price showing bullish movement towards 42400 levels,
-------->>Previous strong resistance @42700 acts as support and showing bullish pressure towards 43000,43400 levels.
------->> If 43400-43350 level acts as Resistance(Previous Demand Zone) price will again fall from this level.
--------->>previously Strong rise happens from @43400-43350 levels, also be careful at this level before long will again see some bearishness in this zone.
note:
Tomorrow mostly price consolidates between these 2 levels.
If 43350-43400 level acts as resistance ,and the zone @43000-43100 previous resistance(If turned to support),then only price is bullish again.
If 43000 level failed to acts as support, price again fall back to below 42700 levels. Careful at these levels.
Note
look at this level @43500-43550Note
Consolidation+ Opens gap up = FallNote
Price exactly opens below resistance, wait for confirmation ,closing must be important, above 43350-43400 to go long.Note
Look at the reaction at these zones 42850-42900
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**If these ideas are Helpful !
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
Please Like, Follow and Comment
Also share your thoughts in the comments section.
Thanks for your Support **
--Educational Purpose Only--
--Not SEBI Registered--
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.