Bank Nifty future chart analysis for 17.07.2023
As you are seeing here a declining wedge (wedge rules- gives good movement to opposite side)
you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044,
above 45044 there is a high chance that it will reach 45295.
but if it will goes inside again after breaking upside of the wedge then it will reach 44679 certainly.
if it crosses down below 44820 ,without crossing upside the it may face strong support at 44679 and may again travel
upside to the level of 45044. crossing down below 44679 may push it much deeper side.
you are also seeing that last two breakout did not sustain , may be this time it will sustain if it crosses above 45044,
above 45044 there is a high chance that it will reach 45295.
but if it will goes inside again after breaking upside of the wedge then it will reach 44679 certainly.
if it crosses down below 44820 ,without crossing upside the it may face strong support at 44679 and may again travel
upside to the level of 45044. crossing down below 44679 may push it much deeper side.
join me at - t.me/stoxway
twitter -@stoxway
Contact -8240841484
twitter -@stoxway
Contact -8240841484
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.