SYMBOL: NSE:BANKNIFTY Banknifty is at a crucial point in the weekly time frame, it has closed below the support zone after hovering over that for almost 1 Year. Selling can be accelerated after a retest is done. Still, if the price closes above 34500 somehow it can be a temporary relief and after some time. Bears can again try to push BNF down because this year...
5180 is 0.5 Fib level and a crucial support for Info Edge. Could come for a retest make a higher low and then off to make a newer high !
The Stock has been in a downward spiral for many months. It has created a descending channel on the daily chart as well as another small descending channel inside the bigger descending. 3 touches of a pattern indicate pattern completion. Here both the descending channels have completed their respective 3rd touches at the same point. We have also a Morning Star...