thanmaibk

Banknifty Ready for a upmove ? take a look

NSE:BANKNIFTY   Nifty Bank Index
1. If the blue trend line is taken out then you can expect an upward move in BNF. The targets being 21600 and further extension will be updated.
2. But there is a previous gap up that hasn't been filled and there is a possibility of a downtrend if the red trend line is taken out.
The rest market will decide.


The analysis is only for educational purposes.
Trade at your own risk.

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.