Banknifty is capped in a channel. in the hourly timeframe.
Not advisable to trade in the no-trade zone mentioned in the chart.
I have plotted the probable forecasted price movement for upward and downward movement.
Hello Traders,
In the above analysis: I'm showing the both scenario may happen on GBPUSD pair with the help of simple SUPPORT/RESISTANCE.
Where,
GBPUSD is on a sideways from last 15 day at range of 1.42340 to 1.40990. So the analysis says: if it'll break this resistance(1.42340) then we will see a new high on GBPUSD after 3 years of downtrend or if it fail to...