bank nifty key trend line levels to watch for 23-04-2020
bank nifty is in a minor uptrend. we can make a long above 19800 for a target of 20,000 which is acting as good support resistance area for past 1 month as well as it is also 0.236% retracement according to Fibonacci retracement levels.
19800 will be a good long as well as short level as from this level a minor cup is formed in 1 hour chart. as well as there is also a semi trend in middle of chart extending towards 19800. tomorrow it all depends on price action and sentiment of market, dont rush to make a trade.
either ways entry should be strictly on basis of price action and candle stick formation.
-bank nifty after market analysis
-22-04-2020
19800 will be a good long as well as short level as from this level a minor cup is formed in 1 hour chart. as well as there is also a semi trend in middle of chart extending towards 19800. tomorrow it all depends on price action and sentiment of market, dont rush to make a trade.
either ways entry should be strictly on basis of price action and candle stick formation.
-bank nifty after market analysis
-22-04-2020