Bank Nifty spot 50593.55 by the Daily Chart view - Weekly update
- 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained
- 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone
- Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone
- Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it
- Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
- 1st Bullish "W" Double Bottom completed at the Lower Support Zone Index Band is maintained
- 2nd Bullish "W" Double Bottom too has been completed with minor flip dip below Lower Support Zone
- Earlier Resistance Zone 49950 to 50275 Index level is now anticipated to act as a sustained Support Zone
- Lower level Support Zone 47850 to 48075 Index Band has been sustained with minor one flip dips below it
- Rising Support Trendline is seen to be well respected with minor flip dips below it in Jan 2025 and March 2025
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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.