BANKNIFTY is retesting the Resistance turned into Support. Selling Pressure is visible with Monthly Candle printed in June 2022. Price of 32000-32100 is Critical Support.
WHAT IF- Price Breaks Down this Support, Fall may be a probability.
Price takes Support with HAMMER printed in July, Bounce may be a Probability.
Notice the FIb Levels acting as Rejection levels.
Approach is Cautious with WHAT IF Analysis
Happy trading and Happy investing.
WHAT IF- Price Breaks Down this Support, Fall may be a probability.
Price takes Support with HAMMER printed in July, Bounce may be a Probability.
Notice the FIb Levels acting as Rejection levels.
Approach is Cautious with WHAT IF Analysis
Happy trading and Happy investing.