Bank Nifty future chart analysis for 25.09.2023
As you can see here bollinger bands made a parrallel low of previous low two,
it means it is on strong support, but price taking resistance at standard deviation one
44867 is a strong resistance , if it crosses above 44867 then it may reach to the level
of 45082, 45082 is a strong resistance price may again go down to the level of previous closing.
crossing above 45082 will give price a strong move to the upside and it may reach to its full target.
Crossing below 44492 will make price extremely weak and it may achieve both the targets.
if it takes support at 44402, or takes resistance at 44867 , you may see a sideways.
it means it is on strong support, but price taking resistance at standard deviation one
44867 is a strong resistance , if it crosses above 44867 then it may reach to the level
of 45082, 45082 is a strong resistance price may again go down to the level of previous closing.
crossing above 45082 will give price a strong move to the upside and it may reach to its full target.
Crossing below 44492 will make price extremely weak and it may achieve both the targets.
if it takes support at 44402, or takes resistance at 44867 , you may see a sideways.