In the next few days, BANKNIFTY can potentially break the major level of 23000. The stock can go in a bearish trend if BANKNIFTY can break the level. As seen in the chart, 23000 was a major resistance level. But BANKNIFTY was able to break that level. Now 23000 is a major support level for the same.
INDICATIONS:
1) The stock price has crossed EMA200 and went...
The stock has formed a double bottom trend on 4H chart. This means that if the stock can break its resistance it can go in a bullish trend for the next few weeks. As we can see that the stock price is currently taking resistance on R1=288 again and again. So this level is the key resistance. And the second resistance is on R2=292. The EMAs are also giving a buy...
