Get started
TradZoo

BANKNIFTY Trading Near Resistance Level

Short
Nifty Bank Index (NSE:BANKNIFTY)  
TradZoo  
NSE:BANKNIFTY   Nifty Bank Index
Chart Patterns Technical Indicators Wave Analysis BANKNIFTY bankniftytradesetup intradaytrade indextrading bankniftytrend elliotwaveanalysis
2
0
chartpattern indicator waveanalysis banknifty bankniftytradesetup intradaytrade indextrading bankniftytrend elliotwaveanalysis
Since Last Few Days, Banknifty trading in broadening wedge pattern. Currently it's trading near resistance level.

- Downside Fall Rally Can Be possible upto 43000 level if banknifty gives reversal from this level. Based on structure of pattern more chances of downside in banknifty.

- Upside rally only possible if banknifty gives breakout of this resistance zone and sustain above it.

Comment Your View>>
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.