Nifty Bank IndexUpdated bank nifty a day channel, 02.03.2023
publishing herewith my idea about banknifty using day time frame
a channel pattern, not complete but enough for guidance
2 green vertical lines showing normal day range
light green upward
and dark green downward
skyblue lines showing weekly important lines
red lines R! & R2
blue CPR's higher and lower line
a channel pattern, not complete but enough for guidance
2 green vertical lines showing normal day range
light green upward
and dark green downward
skyblue lines showing weekly important lines
red lines R! & R2
blue CPR's higher and lower line
Note
40765 green line rejected the price as price opened below it, below lines could tryto act as support , if continues downward movement range low 40424 becomes important
Note
at 1 hr 10 MA support, still 4 hr 20 MA also act as support
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