As, I has shared a weekly chart of banknifty last week, where I said about breaking a certain weekly level. So, in this week after the resistance breaks , the index takes support and resistance from that weekly trend line . It is clearly visible from 15min chart, so keep your analysis according to weekly trends .
Thats for the week.
HAPPY TRADING.🤞
Refer to my past post, where I posted about breakout in Banknifty in weekly chart and said that we can expect some good movements after a breakout. Today Monday morning the index opened with a huge gap-up and show a bulllish pattern after opening and we also hoping this trend continues this week as the new weekly high in made so I guess the readers have also...
We can clearly see on the weekly chart of Banknifty , it has recently crossed last weeks resistance after a strong bullish breakout and we can make new targets on based on resistance on the weekly trend line. If banknifty crossed and closes above the weekly sideways trend we can expect some big move . Stay Tuned
