Bank Nifty Analysis for 12th Dec 2023
Updated
The top three red lines are resistance zone where sellers have shown presence and based on previous price action buyers want the price to come down to be interested to buy. So my aim is to wait get a confirmation for a trend before jumping into it.
Trade closed: target reached
As you can see the breakdown happened at 1006 HRS 3min TF and went further to our second support.
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