Banknifty future chart analysis for 16.06.2023
Updated
Huge long trend broke in 30 minute chart first time , it may retest its trend again.
But it breaks down below -43383, you may see a deep move again , till 43042.
if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement.
if it goes above 43716 and the price move will remain slow then you can see a sideways above 43716.
But it breaks down below -43383, you may see a deep move again , till 43042.
if it test its trend with a gap up quick move and if time remains after, then you will again see a huge retracement.
if it goes above 43716 and the price move will remain slow then you can see a sideways above 43716.
Note
As i said that it may retest its long trend and it did.
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